Peel Hunt reissued their buy rating on shares of Bakkavor Group (LON:BAKK) in a research report released on Monday, ThisIsMoney.Co.Uk reports.
Other equities research analysts also recently issued reports about the stock. Numis Securities restated a hold rating on shares of Bakkavor Group in a research report on Thursday, May 23rd. Barclays reissued an underweight rating on shares of Bakkavor Group in a research report on Wednesday, July 17th. Finally, 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, September 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of GBX 143 ($1.87).
Bakkavor Group stock opened at GBX 117 ($1.53) on Monday. Bakkavor Group has a one year low of GBX 91.50 ($1.20) and a one year high of GBX 177 ($2.31). The company has a debt-to-equity ratio of 56.02, a current ratio of 0.54 and a quick ratio of 0.36. The firm has a 50-day moving average of GBX 106.29 and a 200-day moving average of GBX 120.48. The company has a market cap of $677.93 million and a price-to-earnings ratio of 10.17.
The firm also recently declared a dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, September 19th will be issued a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, September 19th. Bakkavor Group’s payout ratio is 0.70%.
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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