Bakkavor Group (LON:BAKK) Reaches New 52-Week High – Should You Buy?

Bakkavor Group plc (LON:BAKK) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 220.71 ($2.99) and last traded at GBX 219.50 ($2.97), with a volume of 1296589 shares. The stock had previously closed at GBX 217 ($2.94).

Analysts Set New Price Targets

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

Bakkavor Group Stock 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 business has a 50-day simple moving average of GBX 196.29 and a 200-day simple moving average of GBX 167.22. The firm has a market capitalization of £1.29 billion, a PE ratio of 20.03, a P/E/G ratio of 0.61 and a beta of 0.63.

About Bakkavor Group

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.