Bakkavor Group (LON:BAKK) Hits New 52-Week High – Time to Buy?

Bakkavor Group plc (LON:BAKK) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 215 ($2.91) and last traded at GBX 211.57 ($2.86), with a volume of 1147028 shares traded. The stock had previously closed at GBX 209.50 ($2.83).

Analyst Ratings Changes

Separately, Royal Bank of Canada restated an “outperform” rating and set a GBX 170 ($2.30) price objective on shares of Bakkavor Group in a report on Thursday, March 13th.

Bakkavor Group Stock Performance

The firm has a fifty day simple moving average of GBX 188.15 and a 200 day simple moving average of GBX 160.89. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 53.92. The stock has a market cap of £1.25 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 0.61 and a beta of 0.63.

Bakkavor Group (LON:BAKK) last issued its earnings results on Tuesday, March 4th. The company reported GBX 9.60 ($0.13) EPS for the quarter. Bakkavor Group had a return on equity of 10.43% and a net margin of 2.86%. As a group, sell-side analysts expect that Bakkavor Group plc will post 11.5761689 earnings per share for the current year.

Bakkavor Group Company Profile

We are the leading provider of fresh prepared food in the UK, and our presence in the US and China positions the Group well in these high-growth markets. We leverage our consumer insight and scale to provide innovative food that offers quality, choice, convenience, and freshness. Around 18,000 colleagues operate from 43 sites across our three markets supplying a portfolio of over 3,000 products across meals, pizza & bread, salads and desserts to leading grocery retailers in the UK and US, and international food brands in China.