Deutsche Bank Aktiengesellschaft Raises Bakkavor Group (LON:BAKK) Price Target to GBX 170

Bakkavor Group (LON:BAKK) had its target price upped by Deutsche Bank Aktiengesellschaft from GBX 140 ($1.83) to GBX 170 ($2.22) in a report issued on Thursday morning, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Separately, Citigroup reiterated a neutral rating and issued a GBX 155 ($2.03) price target on shares of Bakkavor Group in a report on Thursday, June 6th.

Bakkavor Group Stock Up 1.3 %

Shares of LON BAKK opened at GBX 158 ($2.07) on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.56 and a debt-to-equity ratio of 58.69. Bakkavor Group has a 52 week low of GBX 80 ($1.05) and a 52 week high of GBX 163.50 ($2.14). The firm’s fifty day moving average is GBX 153.29 and its 200 day moving average is GBX 133.10. The company has a market cap of £913.79 million, a price-to-earnings ratio of 1,755.56, a PEG ratio of 0.61 and a beta of 0.63.

Bakkavor Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 12th will be issued a dividend of GBX 3.20 ($0.04) per share. This represents a dividend yield of 2.08%. The ex-dividend date is Thursday, September 12th. Bakkavor Group’s dividend payout ratio (DPR) is presently 7,777.78%.

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.