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Greggs: the awesome power of a vegan butty


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Maybe time to think about going long, perhaps on a future contract.

UBS upped its rating on shares of bakery chain Greggs to 'buy' from 'neutral' on Wednesday, lifting the price target to 2,300p from 1,880p as it pointed to "significant" growth opportunity.

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Let's see if we can get a couple hundred points off this long.  A pick-up in volume along with crossing above RSI >30 and price is above 10-day SMA.

Surely people will want their vegan sausage rolls even when all hell breaks loose in Euroland.

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Edited by dmedin
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  • 4 weeks later...
13 minutes ago, dmedin said:

The UBS upgrade and the subsequent jump in share price made me lose my nerve.  B'tards!

ha.  Well, it's Winter now..........Convenience eating and winter walks with a Pastie and a Peach Melba...When Brexit detroys the Pain au chocolate inmorts and Croissant, Greggs will become the staple for Middle Class Brekkie.  lol.

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Greggs reported that total sales rose 12.4% for the six weeks to 9 November, and it now expects 2019 pre-tax profit to be above previous estimate

 

Maybe UBS was right, couple of months back?  Or could it turn out to be another good chance to go short on the vegan butty 🤣

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Edited by dmedin
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