Peel Hunt reaffirmed their buy rating on shares of Bakkavor Group (LON:BAKK) in a report released on Thursday, LSE.Co.UK reports. Peel Hunt currently has a GBX 190 ($2.48) price target on the stock.
Several other brokerages also recently issued reports on BAKK. Peel Hunt reissued a buy rating and set a GBX 190 ($2.48) price objective on shares of Bakkavor Group in a research report on Wednesday. Shore Capital reissued a not rated rating on shares of Bakkavor Group in a research report on Tuesday, September 10th. Barclays reissued an underweight rating and set a GBX 115 ($1.50) price objective (down from GBX 125 ($1.63)) on shares of Bakkavor Group in a research report on Friday, September 20th. Finally, Berenberg Bank raised shares of Bakkavor Group to a hold rating and set a GBX 105 ($1.37) price objective on the stock in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Bakkavor Group has a consensus rating of Hold and an average target price of GBX 147.50 ($1.93).
Bakkavor Group stock traded down GBX 0.40 ($0.01) during midday trading on Thursday, hitting GBX 125.80 ($1.64). 280,004 shares of the company’s stock were exchanged, compared to its average volume of 376,835. Bakkavor Group has a 12-month low of GBX 91.50 ($1.20) and a 12-month high of GBX 172.60 ($2.26). The company has a debt-to-equity ratio of 81.75, a quick ratio of 0.37 and a current ratio of 0.56. The stock has a market cap of $718.49 million and a price-to-earnings ratio of 16.55. The firm’s 50 day simple moving average is GBX 120.73 and its 200 day simple moving average is GBX 117.18.
About Bakkavor Group
Bakkavor Group plc produces and markets fresh prepared foods in the United Kingdom, the United States, China, and internationally. The company offers ready meals, soups, pasta, sauces, dips, modern deli, fresh cut and dressed salads, dressings, fresh cut produce, sandwich wraps, pizzas, and breads; and desserts, such as cheese and cream cakes, fruit tarts, crumbles, and trifles to grocery retailers and foodservice providers.
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