Brokerages Set Bakkavor Group Plc (BAKK) Price Target at $173.75

Shares of Bakkavor Group Plc (LON:BAKK) have been given an average recommendation of “Hold” by the six research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 186.67 ($2.44).

Several research analysts recently weighed in on the company. Peel Hunt reiterated a “buy” rating on shares of Bakkavor Group in a research report on Thursday. Numis Securities reiterated a “hold” rating on shares of Bakkavor Group in a research report on Thursday. Barclays restated an “underweight” rating on shares of Bakkavor Group in a research report on Wednesday, April 10th. Finally, Kepler Capital Markets cut their price objective on Bakkavor Group from GBX 185 ($2.42) to GBX 150 ($1.96) and set a “hold” rating for the company in a research report on Thursday, January 24th.

BAKK stock traded up GBX 1.80 ($0.02) during trading on Tuesday, hitting GBX 126.40 ($1.65). 87,270 shares of the company traded hands, compared to its average volume of 376,835. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 56.02. The stock has a market cap of $732.39 million and a P/E ratio of 10.99. Bakkavor Group has a 1 year low of GBX 110.80 ($1.45) and a 1 year high of GBX 206 ($2.69).

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Thursday, May 2nd will be given a GBX 4 ($0.05) dividend. The ex-dividend date is Thursday, May 2nd. This is a boost from Bakkavor Group’s previous dividend of $2.00. This represents a dividend yield of 2.78%. Bakkavor Group’s payout ratio is 0.70%.

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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