Peel Hunt Reiterates Buy Rating for Bakkavor Group (BAKK)

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Peel Hunt reissued their buy rating on shares of Bakkavor Group (LON:BAKK) in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

BAKK has been the topic of a number of other reports. Kepler Capital Markets decreased their price target 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. Numis Securities dropped their price target on shares of Bakkavor Group from GBX 155 ($2.03) to GBX 150 ($1.96) and set a hold rating for the company in a research note on Friday, January 18th. Finally, Barclays restated an underweight rating on shares of Bakkavor Group in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 170 ($2.22).

LON BAKK traded up GBX 1.80 ($0.02) on Thursday, hitting GBX 126.40 ($1.65). 81,581 shares of the company traded hands, compared to its average volume of 376,835. The company has a market capitalization of $721.97 million and a PE ratio of 10.99. The company has a debt-to-equity ratio of 56.02, a quick ratio of 0.36 and a current ratio of 0.54. Bakkavor Group has a 52-week low of GBX 110.80 ($1.45) and a 52-week high of GBX 206 ($2.69).

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

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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