Greggs’ appeal lies in the combination of its relatively low-risk business model and its return to strong earnings growth in the past two years. It is in the middle of a strategic plan that has delivered impressive financial results and has the financial strength to complete that programme. We value Greggs at 1,158p per share.
25 Apr 2016
Growing again
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Growing again
Greggs plc (GRG:LON) | 2,709 54.2 0.1% | Mkt Cap: 2,770m
- Published:
25 Apr 2016 -
Author:
David Stoddart -
Pages:
12
Greggs’ appeal lies in the combination of its relatively low-risk business model and its return to strong earnings growth in the past two years. It is in the middle of a strategic plan that has delivered impressive financial results and has the financial strength to complete that programme. We value Greggs at 1,158p per share.