Bakkavor Group (LON:BAKK) Rating Reiterated by Peel Hunt

Bakkavor Group (LON:BAKK)‘s stock had its “buy” rating restated by analysts at Peel Hunt in a research note issued on Thursday, LSE.Co.UK reports. They presently have a GBX 190 ($2.48) target price on the stock. Peel Hunt’s price target indicates a potential upside of 51.52% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Peel Hunt reaffirmed a “buy” rating and issued a GBX 190 ($2.48) price objective on shares of Bakkavor Group in a research note on Wednesday. Barclays reaffirmed an “underweight” rating and issued a GBX 115 ($1.50) price objective (down from GBX 125 ($1.63)) on shares of Bakkavor Group in a research note on Friday, September 20th. Shore Capital reaffirmed a “not rated” rating on shares of Bakkavor Group in a research note on Tuesday, September 10th. Finally, Berenberg Bank raised shares of 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 two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 147.50 ($1.93).

Shares of LON:BAKK traded up GBX 0.60 ($0.01) during trading on Thursday, reaching GBX 125.40 ($1.64). The stock had a trading volume of 21,568 shares, compared to its average volume of 376,835. The firm’s fifty day moving average is GBX 120.27 and its 200 day moving average is GBX 117.17. The company has a debt-to-equity ratio of 81.75, a quick ratio of 0.37 and a current ratio of 0.56. Bakkavor Group has a 52 week low of GBX 91.50 ($1.20) and a 52 week high of GBX 172.60 ($2.26). The stock has a market cap of $727.76 million and a price-to-earnings ratio of 16.50.

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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Analyst Recommendations for Bakkavor Group (LON:BAKK)

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