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Home / Stocks and Markets at Lows / Greggs (GRG.L) 01-05-2020

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Greggs (GRG.L) 01-05-2020

Shares in Greggs (GRG.L) have fallen notably from yesterday’s close of 1850p. Will the trend prevail, or is this an opportunity for you to pick up a bargain?

  • Currently at 1730p (at time of writing). A move up to yesterday’s close would represent a rise of +7%.
  • These share are amongst the biggest fallers today
  • Is the move unfinished, or are we about to see a bounce?
  • The market has been known to over-react to bad news. Investors should consider whether these falls are justified, or is this an over-reaction?
  • Shares -32.5% from 12-month highs; +34% from 12 month lows.

 

Latest News

1 May: Greggs has changed its mind about reopening 20 shops next week, fearing crowds of customers could gather

1 May: Peel Hunt have Downgraded Greggs (GRG.L) to Sell from Reduce with a traget price of 1500p.

 

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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