Bakkavor Group (BAKK) Earns Overweight Rating from Barclays

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Barclays reissued their overweight rating on shares of Bakkavor Group (LON:BAKK) in a research report released on Tuesday.

Other research analysts have also issued reports about the company. Peel Hunt reaffirmed a buy rating on shares of Bakkavor Group in a research report on Friday, August 3rd. Berenberg Bank lowered their target price on Bakkavor Group from GBX 210 ($2.74) to GBX 200 ($2.61) and set a hold rating for the company in a research report on Thursday, September 6th. Kepler Capital Markets lowered their target price on Bakkavor Group from GBX 195 ($2.54) to GBX 185 ($2.41) and set a hold rating for the company in a research report on Thursday, September 6th. Finally, Citigroup reaffirmed a neutral rating and set a GBX 210 ($2.74) target price on shares of Bakkavor Group in a research report on Tuesday, May 22nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 213.40 ($2.78).

LON BAKK opened at GBX 170 ($2.21) on Tuesday. Bakkavor Group has a twelve month low of GBX 181 ($2.36) and a twelve month high of GBX 215 ($2.80).

Bakkavor Group (LON:BAKK) last released its quarterly earnings data on Thursday, September 6th. The company reported GBX 7.40 ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 7 ($0.09) by GBX 0.40 ($0.01). Bakkavor Group had a return on equity of 3.83% and a net margin of 0.81%.

The firm also recently disclosed a dividend, which will be paid on Friday, October 5th. Stockholders of record on Thursday, September 13th will be given a GBX 2 ($0.03) dividend. This represents a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, September 13th.

Bakkavor Group Company Profile

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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