Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Greggs plc ( (GB:GRG) ) has shared an update.
Greggs plc reported a 6.9% increase in total sales for the first half of 2025, reaching £1,027 million. Despite this growth, like-for-like sales only grew by 2.6%, with high temperatures in June impacting consumer purchasing patterns. The company opened 87 new shops, resulting in a net increase of 31, and aims for 140 to 150 net openings by year-end. However, the Board anticipates that the full-year operating profit could be slightly below 2024 levels due to the strong comparative performance in 2024 and ongoing cost recovery initiatives.
The most recent analyst rating on (GB:GRG) stock is a Buy with a £33.50 price target. To see the full list of analyst forecasts on Greggs plc stock, see the GB:GRG Stock Forecast page.
Spark’s Take on GB:GRG Stock
According to Spark, TipRanks’ AI Analyst, GB:GRG is a Outperform.
Greggs plc shows strong financial performance with solid profitability and operational efficiency. The recent corporate events, including CEO share acquisitions and positive AGM outcomes, strengthen investor confidence. While technical analysis indicates some bearish sentiment, the valuation remains attractive due to a reasonable P/E ratio and a solid dividend yield.
To see Spark’s full report on GB:GRG stock, click here.
More about Greggs plc
Greggs plc operates in the food retail industry, primarily focusing on bakery products. The company is known for its extensive range of freshly prepared sandwiches, savory snacks, and baked goods. Greggs has a significant presence in the UK market with a mix of company-managed and franchised shops.
Average Trading Volume: 363,086
Technical Sentiment Signal: Sell
Current Market Cap: £1.99B
For a thorough assessment of GRG stock, go to TipRanks’ Stock Analysis page.