Bakkavor Group (LON:BAKK) Hits New 1-Year High – Time to Buy?

Bakkavor Group plc (LON:BAKK) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 216 ($2.92) and last traded at GBX 215 ($2.90), with a volume of 361251 shares traded. The stock had previously closed at GBX 213 ($2.88).

Analyst Ratings Changes

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 170 ($2.30) price objective on shares of Bakkavor Group in a research note on Thursday, March 13th.

Bakkavor Group Trading Up 1.5%

The company has a debt-to-equity ratio of 53.92, a current ratio of 0.62 and a quick ratio of 0.43. The stock’s 50-day moving average is GBX 189.11 and its two-hundred day moving average is GBX 162.27. The stock has a market cap of £1.26 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63.

Bakkavor Group Company Profile

We are the leading provider of fresh prepared food in the UK, and our presence in the US and China positions the Group well in these high-growth markets. We leverage our consumer insight and scale to provide innovative food that offers quality, choice, convenience, and freshness. Around 18,000 colleagues operate from 43 sites across our three markets supplying a portfolio of over 3,000 products across meals, pizza & bread, salads and desserts to leading grocery retailers in the UK and US, and international food brands in China.