Peel Hunt Begins Coverage on Bakkavor Group (BAKK)

Analysts at Peel Hunt began coverage on shares of Bakkavor Group (LON:BAKK) in a note issued to investors on Thursday. The firm set a “buy” rating and a GBX 260 ($3.53) price target on the stock. Peel Hunt’s price target would indicate a potential upside of 34.99% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Citigroup started coverage on shares of Bakkavor Group in a research note on Thursday, December 21st. They issued a “neutral” rating and a GBX 210 ($2.85) price objective for the company. Barclays started coverage on shares of Bakkavor Group in a research note on Thursday, December 21st. They issued an “overweight” rating and a GBX 212 ($2.87) price objective for the company. Finally, Kepler Capital Markets started coverage on shares of Bakkavor Group in a research note on Monday. They issued a “hold” rating and a GBX 200 ($2.71) price objective for the company.

Shares of Bakkavor Group (LON:BAKK) opened at GBX 192.60 ($2.61) on Thursday. The company has a market cap of $1,120.00 and a PE ratio of 3,210.00. Bakkavor Group has a one year low of GBX 185.50 ($2.52) and a one year high of GBX 196.50 ($2.66).

In other news, insider Simon Burke acquired 50,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was purchased at an average price of GBX 190 ($2.58) per share, for a total transaction of £95,000 ($128,831.03).

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About Bakkavor Group

Bakkavor Group plc is a United Kingdom-based company. The Company is focused on manufacturing fresh prepared foods (FPF) in the United States and China. The Company’s products include breads and bakery, desserts and pastries, dips, dressed salads, dressings, fresh cut fruit, fresh cut salads, fresh cut vegetables, fresh produce, fruit juices and smoothies, meal salads, modern deli, pasta, pizza, ready meals, sandwiches and sandwich wraps, sauces, soups, and stir fries.

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