Bakkavor Group (LON:BAKK) Given “Buy” Rating at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Bakkavor Group (LON:BAKK) in a research note issued to investors on Thursday, November 7th, LSE.Co.UK reports. They currently have a GBX 190 ($2.48) price target on the stock.

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A number of other equities analysts have also weighed in on BAKK. Berenberg Bank raised shares of Bakkavor Group to a hold rating and set a GBX 105 ($1.37) target price for the company in a research note on Friday, September 6th. Barclays restated 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 note on Friday, September 20th. Peel Hunt restated a buy rating and set a GBX 190 ($2.48) price objective on shares of Bakkavor Group in a research note on Wednesday, November 6th. Finally, Shore Capital restated a not rated rating on shares of Bakkavor Group in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 147.50 ($1.93).

Shares of BAKK traded up GBX 3.20 ($0.04) during trading hours on Thursday, reaching GBX 127 ($1.66). The stock had a trading volume of 194,582 shares, compared to its average volume of 376,835. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 81.75. Bakkavor Group has a 52 week low of GBX 91.50 ($1.20) and a 52 week high of GBX 172.60 ($2.26). The firm has a 50-day moving average of GBX 122.09 and a 200 day moving average of GBX 117.15. The company has a market cap of $735.87 million and a P/E ratio of 16.71.

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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