Bakkavor Group (LON:BAKK) Hits New 52-Week High – Here’s Why

Bakkavor Group plc (LON:BAKK)’s share price reached a new 52-week high during trading on Monday . The company traded as high as GBX 164.50 ($2.14) and last traded at GBX 163.97 ($2.13), with a volume of 407690 shares traded. The stock had previously closed at GBX 155.51 ($2.02).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upped their target price on shares of Bakkavor Group from GBX 140 ($1.82) to GBX 170 ($2.21) and gave the company a “buy” rating in a report on Thursday, September 12th.

Bakkavor Group Price Performance

The company has a debt-to-equity ratio of 53.92, a current ratio of 0.62 and a quick ratio of 0.43. The stock has a market capitalization of £925.36 million, a PE ratio of 1,454.55, a P/E/G ratio of 0.61 and a beta of 0.63. The company has a 50-day moving average of GBX 155.70 and a two-hundred day moving average of GBX 143.59.

Bakkavor Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 11th. Investors of record on Thursday, September 12th were issued a GBX 3.20 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a yield of 2.08%. Bakkavor Group’s payout ratio is 7,272.73%.

About Bakkavor Group

Bakkavor Group plc, together with its subsidiaries, engages in the preparation and marketing of fresh prepared foods in the United Kingdom, the United States, and China. It offers meals, pizzas and breads, desserts, dips, salads, soups, sauces, fresh cut salads, burritos, food-to-go products, sandwiches, wraps, and bakery products.