Greggs PLC (LON: GRG), valuation on May 24, 2022

Summary

• Stock: Greggs PLC (LON: GRG) common equity

• Market cap: £2.2bn

• Rating: Add

• Price: £21.00

• Target: £30.86

source: S&P Capital IQ

Setting the stage

Greggs PLC (LON: GRG, £2.2bn market cap) is a British bakery chain. It makes money by manufacturing and selling pastries, sandwiches and drinks from its shops, and by wholesaling pastries. The company operates 2…