Peel Hunt Reiterates “Buy” Rating for Bakkavor Group (LON:BAKK)

Peel Hunt reissued their buy rating on shares of Bakkavor Group (LON:BAKK) in a report published on Monday, April 8th, ThisIsMoney.Co.Uk reports.

BAKK has been the subject of several other reports. Barclays cut shares of Bakkavor Group to an underweight rating and decreased their price objective for the stock from GBX 212 ($2.77) to GBX 125 ($1.63) in a research report on Tuesday, March 19th. Numis Securities cut their price target on shares of Bakkavor Group from GBX 155 ($2.03) to GBX 150 ($1.96) and set a hold rating on the stock in a research note on Friday, January 18th. Finally, Kepler Capital Markets dropped their price objective on shares of Bakkavor Group from GBX 185 ($2.42) to GBX 150 ($1.96) and set a hold rating on the stock in a research note on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 170 ($2.22).

BAKK stock traded up GBX 0.60 ($0.01) during midday trading on Monday, hitting GBX 123.80 ($1.62). The company’s stock had a trading volume of 228,833 shares, compared to its average volume of 376,835. The company has a quick ratio of 0.36, a current ratio of 0.54 and a debt-to-equity ratio of 56.02. Bakkavor Group has a 52-week low of GBX 110.80 ($1.45) and a 52-week high of GBX 206 ($2.69). The stock has a market capitalization of $717.33 million and a PE ratio of 10.77.

The company also recently declared a dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Thursday, May 2nd will be paid a dividend of GBX 4 ($0.05) per share. This represents a dividend yield of 2.78%. This is a positive change from Bakkavor Group’s previous dividend of $2.00. The ex-dividend date is Thursday, May 2nd. Bakkavor Group’s payout ratio is 0.70%.

About Bakkavor Group

Bakkavor Group plc produces and markets fresh prepared foods and produce in the United Kingdom and internationally. The company offers breads and bakery products, desserts and pastries, dips, dressed salads, dressings, fresh produce, fruit juices and smoothies, meal salads, modern deli, pasta, pizza, ready meals, sandwiches and sandwich wraps, sauces, soups, and stir fries, as well as fresh cut fruits, salads, and vegetables to grocery retailers and foodservice providers.

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Analyst Recommendations for Bakkavor Group (LON:BAKK)

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