Bakkavor Group (LON:BAKK) Hits New 52-Week High at $164.00

Bakkavor Group plc (LON:BAKK)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 164 ($2.17) and last traded at GBX 162.50 ($2.15), with a volume of 158099 shares. The stock had previously closed at GBX 161 ($2.13).

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Citigroup reiterated a “neutral” rating and issued a GBX 155 ($2.05) target price on shares of Bakkavor Group in a research note on Thursday, June 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Bakkavor Group from GBX 140 ($1.85) to GBX 170 ($2.25) and gave the stock a “buy” rating in a research report on Thursday, September 12th.

Bakkavor Group Stock Performance

The company’s 50-day moving average is GBX 153.49 and its two-hundred day moving average is GBX 134.10. The company has a market capitalization of £939.82 million, a P/E ratio of 1,463.64, a PEG ratio of 0.61 and a beta of 0.63. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 53.92.

Bakkavor Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 12th will be issued a GBX 3.20 ($0.04) dividend. This represents a dividend yield of 2.08%. The ex-dividend date is Thursday, September 12th. Bakkavor Group’s payout ratio is 7,272.73%.

Bakkavor Group Company Profile

Bakkavor Group plc, together with its subsidiaries, engages in the preparation and marketing of fresh prepared foods in the United Kingdom, the United States, and China. It offers meals, pizzas and breads, desserts, dips, salads, soups, sauces, fresh cut salads, burritos, food-to-go products, sandwiches, wraps, and bakery products.