Greggs, the UK-based bakery chain, have been trading publicly on the London Stock Exchange since 1984. Since then, the company's share price has seen its fair share of ups and downs. In this article, we'll take a look at Greggs share price history, and explore the factors that have shaped their performance.
Greggs Share Price Performance 1984 - 1997
The Greggs share price opened at 40p on the London Stock Exchange in 1984. In its early years, the stock price ranged between 30p - 50p, with a few short-term spikes. During the mid-1990s, the stock started to gain momentum, increasing to a peak of £1.73 in 1997. This represented a growth of almost 350% in just 13 years.
Greggs Share Price Performance 1997 - 2007
The late 1990s and early 2000s were a period of significant growth for Greggs. The company had expanded its operations to over 1,000 stores in the UK, and the share price had doubled to £3.50 in 2002. This marked a new high for Greggs, and the stock continued to grow in the following years, reaching a peak of £6.90 in 2007.
Greggs Share Price Performance 2007 - 2013
The onset of the global financial crisis in 2008 hit Greggs hard. The stock price plummeted from its peak of £6.90 in 2007 to a low of £1.60 in 2009. This represented a loss of over 77%. The company managed to weather the storm, and the share price slowly recovered to £3.50 in 2013.
Greggs Share Price Performance 2013 - 2018
The mid-2010s were a period of strong growth for Greggs. The company had expanded its operations to over 1,500 stores in the UK, and the share price had increased to a new high of £10.30 in 2017. This represented a growth of almost 190% in just 4 years. The stock started to decline in 2018, and is currently trading at around £7.20.
Greggs Share Price Performance 2018 - 2023
The past few years have been a challenging period for Greggs. The company has had to adapt to changing consumer tastes and increasing competition from other bakery chains. Despite this, the stock price has managed to stay relatively steady. It opened at around £7.20 in 2018, and is currently trading at £7.80 in 2023.
Factors Affecting Greggs Share Price
Greggs share price has been heavily influenced by several factors. The company's performance is largely dependent on the UK economy, as well as the performance of its competitors. In addition, changes in consumer tastes, such as the shift towards vegan products, have had a significant impact on Greggs' share price.
Future Outlook for Greggs Share Price
Despite the challenging market conditions, Greggs is well-positioned for future growth. The company has a strong presence in the UK market and is continuing to innovate and expand its product range. In addition, the company has recently launched its own delivery service, which should help to drive further growth. Overall, Greggs looks set to remain a solid investment in the long-term.