GREGGS PLC

GRG
Delayed Quote. Delayed  - 10/20 11:35:22 am
1344GBX +1.97%

Greggs plc : The comeback of an upward trend can be anticipated

Jordan Dufee
Analyst

Strategy published on : 12/02/2019 | 03:12

long trade
Target price hit

Entry price : 2100GBX
Target : 2476GBX
Stop-loss : 1960GBX
Potential : 17.9%

Greggs plc reflects attractive technical aspects that could allow investors to expect a trend reversal over the medium term.
Investors have an opportunity to buy the stock and target the GBX 2476.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The company is in a robust financial situation considering its net cash and margin position.

● The group usually releases upbeat results with huge surprise rates.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.


Weaknesses

● The firm trades with high earnings multiples: 25.11 times its 2019 earnings per share.

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