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

Peel Hunt reaffirmed their buy rating on shares of Bakkavor Group (LON:BAKK) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also recently issued reports on BAKK. Barclays reissued an overweight rating and set a GBX 3,150 ($41.16) target price on shares of in a research note on Wednesday, June 5th. Numis Securities cut AJ Bell to a reduce rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Bakkavor Group currently has a consensus rating of Hold and a consensus price target of GBX 162 ($2.12).

BAKK stock opened at GBX 112 ($1.46) on Monday. The stock’s fifty day simple moving average is GBX 120.95. The company has a debt-to-equity ratio of 56.02, a quick ratio of 0.36 and a current ratio of 0.54. The firm has a market capitalization of $648.96 million and a PE ratio of 9.74. Bakkavor Group has a 52-week low of GBX 110.80 ($1.45) and a 52-week high of GBX 194 ($2.53).

In other Bakkavor Group news, insider Lydur Gudmundsson sold 3,229,625 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of GBX 122 ($1.59), for a total transaction of £3,940,142.50 ($5,148,494.05).

About Bakkavor Group

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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