Barclays Reaffirms Underweight Rating for Bakkavor Group (LON:BAKK)

Bakkavor Group (LON:BAKK)‘s stock had its “underweight” rating reiterated by equities researchers at Barclays in a report issued on Friday, September 20th, Digital Look reports. They currently have a GBX 115 ($1.50) price target on the stock, down from their prior price target of GBX 125 ($1.63). Barclays‘s price objective suggests a potential upside of 1.95% from the stock’s previous close.

Several other equities research analysts have also recently commented on BAKK. Peel Hunt reissued a “buy” rating on shares of Bakkavor Group in a research note on Monday, September 9th. Berenberg Bank raised Bakkavor Group to a “hold” rating and set a GBX 105 ($1.37) target price for the company in a research note on Friday, September 6th. Numis Securities reissued a “hold” rating on shares of Bakkavor Group in a research note on Thursday, May 23rd. Finally, Shore Capital reissued a “not rated” rating on shares of Bakkavor Group in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Bakkavor Group currently has an average rating of “Hold” and a consensus price target of GBX 141 ($1.84).

Shares of LON BAKK traded down GBX 1.40 ($0.02) during midday trading on Friday, hitting GBX 112.80 ($1.47). The stock had a trading volume of 27,582 shares, compared to its average volume of 376,835. The company’s 50-day simple moving average is GBX 108.19 and its 200 day simple moving average is GBX 118.01. The firm has a market cap of $661.70 million and a P/E ratio of 14.84. Bakkavor Group has a fifty-two week low of GBX 91.50 ($1.20) and a fifty-two week high of GBX 173.20 ($2.26). The company has a debt-to-equity ratio of 81.75, a current ratio of 0.56 and a quick ratio of 0.37.

Bakkavor Group Company Profile

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.

Further Reading: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Bakkavor Group (LON:BAKK)

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