Greggs Plc £GRG - A Valuation On 9th June 2021

The stock has rallied consistently for the last nine months, and a strong recovery is baked in. But, can this bakery chain successfully navigate the structural changes around how we work and travel?

Greggs is a bakery food-on-the-go retailer in the UK. It offers a range of fresh and frozen baked goods, sandwiches and drinks. The company sells its products through its shops in travel, leisure, and work-centred catchments and franchised shops operated by partners in travel and other convenient locations.

As of May 2021, the company had more than 2,00…