Bakkavor Group (LON:BAKK) Shares Up 1.4% – Still a Buy?

Bakkavor Group plc (LON:BAKK) shares rose 1.4% on Wednesday . The company traded as high as GBX 146 ($1.81) and last traded at GBX 146 ($1.81). Approximately 35,112 shares changed hands during trading, a decline of 89% from the average daily volume of 325,824 shares. The stock had previously closed at GBX 144 ($1.78).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Bakkavor Group from GBX 140 ($1.73) to GBX 170 ($2.10) and gave the company a “buy” rating in a research note on Thursday, September 12th.

Bakkavor Group Stock Down 1.4 %

The business has a fifty day moving average of GBX 142.56 and a 200 day moving average of GBX 149.23. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 53.92. The firm has a market cap of £832.82 million, a P/E ratio of 1,309.09, a P/E/G 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.