Bakkavor Group (LON:BAKK) Earns Buy Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Bakkavor Group (LON:BAKK) in a research note released on Thursday morning, LSE.Co.UK reports. They currently have a GBX 190 ($2.48) price objective on the stock.

Other equities research analysts have also issued research reports about the company. Barclays reissued an underweight rating and set a GBX 115 ($1.50) price target (down previously from GBX 125 ($1.63)) on shares of Bakkavor Group in a research note on Friday, September 20th. Peel Hunt reissued a buy rating and set a GBX 190 ($2.48) price target on shares of Bakkavor Group in a research note on Wednesday. Shore Capital reissued a not rated rating on shares of Bakkavor Group in a research note on Tuesday, September 10th. Finally, Berenberg Bank raised Bakkavor Group to a hold rating and set a GBX 105 ($1.37) price target on the stock in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Bakkavor Group currently has a consensus rating of Hold and a consensus target price of GBX 147.50 ($1.93).

Shares of LON:BAKK traded down GBX 0.40 ($0.01) during trading on Thursday, hitting GBX 125.80 ($1.64). 280,004 shares of the stock were exchanged, compared to its average volume of 376,835. The company has a fifty day moving average price of GBX 120.73 and a two-hundred day moving average price of GBX 117.18. The company has a market cap of $718.49 million and a PE ratio of 16.55. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 81.75. Bakkavor Group has a 12-month low of GBX 91.50 ($1.20) and a 12-month high of GBX 172.60 ($2.26).

The business also recently announced a dividend, which was paid on Friday, October 11th. Investors of record on Thursday, September 19th were paid a GBX 2 ($0.03) dividend. This represents a yield of 1.72%. The ex-dividend date of this dividend was Thursday, September 19th. Bakkavor Group’s payout ratio is currently 0.53%.

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.

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Analyst Recommendations for Bakkavor Group (LON:BAKK)

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