Bakkavor Group (LON:BAKK) Receives Buy Rating from Peel Hunt

Bakkavor Group (LON:BAKK)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a research note issued to investors on Thursday, LSE.Co.UK reports. They currently have a GBX 190 ($2.48) price objective on the stock. Peel Hunt’s price target suggests a potential upside of 51.03% from the stock’s current price.

Several other research analysts have also weighed in on BAKK. 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 reaffirmed a “buy” rating and set a GBX 190 ($2.48) target price on shares of Bakkavor Group in a report on Wednesday. Shore Capital reaffirmed a “not rated” rating on shares of Bakkavor Group in a report on Tuesday, September 10th. Finally, 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 report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 147.50 ($1.93).

Shares of Bakkavor Group stock traded down GBX 0.40 ($0.01) during trading on Thursday, hitting GBX 125.80 ($1.64). 280,004 shares of the stock were exchanged, compared to its average volume of 376,835. The stock has a market capitalization of $718.49 million and a price-to-earnings ratio of 16.55. The company has a fifty day moving average price of GBX 120.73 and a 200-day moving average price of GBX 117.18. 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 current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 81.75.

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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