Bakkavor Group’s (BAKK) “Buy” Rating Reaffirmed at Peel Hunt

Bakkavor Group (LON:BAKK)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a report released on Thursday, LSE.Co.UK reports. They presently have a GBX 190 ($2.48) price objective on the stock. Peel Hunt’s price target indicates a potential upside of 51.52% from the company’s current price.

Several other analysts have also recently weighed in on BAKK. Barclays reiterated an “underweight” rating and issued a GBX 115 ($1.50) price objective (down previously from GBX 125 ($1.63)) on shares of Bakkavor Group in a research note on Friday, September 20th. Peel Hunt reiterated a “buy” rating and issued a GBX 190 ($2.48) price objective on shares of Bakkavor Group in a research note on Wednesday. Shore Capital reiterated a “not rated” rating on shares of Bakkavor Group in a research note on Tuesday, September 10th. Finally, Berenberg Bank upgraded shares of Bakkavor Group to a “hold” rating and set a GBX 105 ($1.37) price objective for the company in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Bakkavor Group has an average rating of “Hold” and an average price target of GBX 147.50 ($1.93).

Bakkavor Group stock traded up GBX 0.60 ($0.01) during midday trading on Thursday, hitting GBX 125.40 ($1.64). The company’s stock had a trading volume of 21,568 shares, compared to its average volume of 376,835. Bakkavor Group has a 1-year low of GBX 91.50 ($1.20) and a 1-year high of GBX 172.60 ($2.26). The company has a debt-to-equity ratio of 81.75, a current ratio of 0.56 and a quick ratio of 0.37. The company has a 50-day moving average price of GBX 120.27 and a two-hundred day moving average price of GBX 117.17. The company has a market cap of $727.76 million and a price-to-earnings ratio of 16.50.

Bakkavor Group Company Profile

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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Analyst Recommendations for Bakkavor Group (LON:BAKK)

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