Panmure Liberum raised Greggs stock target to GBp 2,440

Published on 10/29/2026 at 12:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Greggs stock costs EUR 27.57 on October 29, 2026 at Lang & Schwarz. Third-quarter sales rose 7.7 percent to September 26, 2026.

Outlook and operating plans

Greggs reported 7.7 percent third-quarter sales growth for the 13 weeks to September 26, 2026.
Panmure Liberum raised its target from GBp 1,560 to GBp 2,440 on October 1, 2026.
Greggs stock trades at EUR 27.57 at 12:43 p.m. CEST at Lang & Schwarz on October 29, 2026.
The next Q4 trading update is scheduled for January 14, 2027.

Greggs, consumer cyclical, restaurants, manufacturing restructuring, London Stock Exchange, FTSE 100, Illustration mit AI erstellt.

Panmure Liberum raised its Greggs stock target from GBp 1,560 to GBp 2,440 on October 1, 2026, according to Scottish Widows. The move followed Greggs' stronger third-quarter trading and an improved 2026 profit outlook.

Sales growth improves

Greggs reported total sales growth of 7.7 percent for the 13 weeks to September 26, 2026. Company-managed like-for-like sales increased 3.4 percent, compared with 2.1 percent in the first half. Reuters reported that new products and more settled weather supported the improvement.

The company now expects a modestly improved outcome for 2026. The official trading update also recorded 7.4 percent total sales growth for the 39 weeks to September 26, 2026, and 57 net new shop openings from 95 openings and 38 closures.

What does restructuring mean?

Investegate published the company announcement dated September 30, 2026. Greggs proposed consolidating manufacturing operations, potentially affecting 740 roles across four sites, while targeting GBP 20 million in annual pre-tax operating cost savings for 2028 and 2029.

Three dates mark the shift

On July 29, 2026, Greggs reported first-half sales of GBP 1.10 billion, up 7.2 percent year over year, according to Yahoo Finance. On September 30, 2026, third-quarter sales rose 7.7 percent. On October 1, 2026, Panmure Liberum raised its target to GBp 2,440.

Upcoming company dates

Greggs' investor calendar lists a Q4 trading update for January 14, 2027, on its Greggs investor page. TradingView lists the next earnings report for March 9, 2027, as a scheduled date.

Stock quote in euros

Greggs stock was trading at EUR 27.57 at Lang & Schwarz on October 29, 2026 at 12:43 p.m. CEST. The quote is an intraday euro reference for German investors; the primary listing is in London and the share price is quoted in GBp there.