Bakkavor Group (LON:BAKK) Hits New 1-Year High – Time to Buy?

Shares of Bakkavor Group plc (LON:BAKK) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 216 ($2.92) and last traded at GBX 215 ($2.90), with a volume of 361251 shares changing hands. The stock had previously closed at GBX 213 ($2.88).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 170 ($2.30) target price on shares of Bakkavor Group in a report on Thursday, March 13th.

Bakkavor Group Trading Up 1.5%

The firm has a market capitalization of £1.26 billion, a PE ratio of 19.69, a PEG ratio of 0.61 and a beta of 0.63. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 53.92. The stock’s fifty day simple moving average is GBX 189.11 and its 200 day simple moving average is GBX 162.27.

About Bakkavor Group

We are the leading provider of fresh prepared food in the UK, and our presence in the US and China positions the Group well in these high-growth markets. We leverage our consumer insight and scale to provide innovative food that offers quality, choice, convenience, and freshness. Around 18,000 colleagues operate from 43 sites across our three markets supplying a portfolio of over 3,000 products across meals, pizza & bread, salads and desserts to leading grocery retailers in the UK and US, and international food brands in China.