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Home / Support and Resistance / Greggs (GRG.L) 07-11-19

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

Greggs (GRG.L) 07-11-19

Are Greggs (GRG.L) about to break below the 1793p support zone, or recover again to 2454p highs? (+36%)

 

  • The share price is close to 1793p support. Shares are 1795p (at time of writing).
  • The support has proven robust to date. Will it stand firm this time?
  • The shares have touched this level numerous times.
  • Check our website and news outlets for updates. Fundamental developments can affect the strength of support levels.
  • Shares -27% from 12-month highs; +51% from 12 month lows.

Latest News

22 Oct:  Barclays Capital reiterates its equal weight rating on Greggs (GRG) and increased the target price to 1760p (from 1610p).

10 Oct:  Roger Whiteside, CEO, sold 97,655 shares in the firm on the 7th October 2019 at a price of 1804p. This Director currently has 195,508 shares.

10 Oct:  Roger Whiteside, CEO, bought 4,952 shares in the firm on the 7th October 2019 at a price of 1840p. This Director currently has 293,163 shares.

 

01 Oct:  Greggs said growing customer numbers supported revenue, though like-for-like sales slowed in Q3 relative to a stronger performance in the previous year.

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

 

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