Peel Hunt Reaffirms Buy Rating for Bakkavor Group (LON:BAKK)

Bakkavor Group (LON:BAKK)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a report released on Thursday, February 28th.

BAKK has been the subject of a number of other research reports. Numis Securities reduced their price target on Bakkavor Group from GBX 200 ($2.61) to GBX 155 ($2.03) and set a “hold” rating for the company in a report on Wednesday, January 9th. Kepler Capital Markets reduced their target price on Bakkavor Group from GBX 185 ($2.42) to GBX 150 ($1.96) and set a “hold” rating for the company in a report on Thursday, January 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 172.50 ($2.25).

Shares of BAKK traded up GBX 2.80 ($0.04) during mid-day trading on Thursday, reaching GBX 115.80 ($1.51). The company had a trading volume of 104,676 shares, compared to its average volume of 376,835. Bakkavor Group has a 52-week low of GBX 111.20 ($1.45) and a 52-week high of GBX 206 ($2.69). The company has a quick ratio of 0.35, a current ratio of 0.54 and a debt-to-equity ratio of 56.02. The company has a market capitalization of $654.75 million and a price-to-earnings ratio of 10.07.

About Bakkavor Group

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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