Bakkavor Group Plc Announces Dividend of GBX 2 (LON:BAKK)

Bakkavor Group Plc (LON:BAKK) announced a dividend on Tuesday, September 10th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 19th will be paid a dividend of GBX 2 ($0.03) per share on Friday, October 11th. This represents a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, September 19th. The official announcement can be seen at this link.

Bakkavor Group stock traded up GBX 8.60 ($0.11) during mid-day trading on Tuesday, hitting GBX 116 ($1.52). The stock had a trading volume of 143,343 shares, compared to its average volume of 376,835. The stock has a market capitalization of $654.73 million and a PE ratio of 10.09. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 56.02. Bakkavor Group has a 12 month low of GBX 91.50 ($1.20) and a 12 month high of GBX 177 ($2.31). The stock has a 50-day simple moving average of GBX 106.12 and a two-hundred day simple moving average of GBX 120.99.

BAKK has been the subject of several analyst reports. Numis Securities restated a “hold” rating on shares of Bakkavor Group in a research report on Thursday, May 23rd. Barclays restated an “underweight” rating on shares of Bakkavor Group in a research report on Wednesday, July 17th. Berenberg Bank upgraded Bakkavor Group to a “hold” rating and set a GBX 105 ($1.37) price objective on the stock in a research note on Friday. Shore Capital restated a “not rated” rating on shares of Bakkavor Group in a research note on Tuesday. Finally, Peel Hunt reissued a “buy” rating on shares of Bakkavor Group in a research report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 143 ($1.87).



About Bakkavor Group

Bakkavor Group plc produces and markets fresh prepared foods in the United Kingdom, the United States, China, and internationally. The company offers ready meals, soups, pasta, sauces, dips, modern deli, fresh cut and dressed salads, dressings, fresh cut produce, sandwich wraps, pizzas, and breads; and desserts, such as cheese and cream cakes, fruit tarts, crumbles, and trifles to grocery retailers and foodservice providers.

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