Bakkavor Group (LON:BAKK) Hits New 12-Month High – Still a Buy?

Bakkavor Group plc (LON:BAKK)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 167 ($2.16) and last traded at GBX 167 ($2.16), with a volume of 136981 shares traded. The stock had previously closed at GBX 151 ($1.95).

Analysts Set New Price Targets

Separately, Royal Bank of Canada restated an “outperform” rating and set a GBX 170 ($2.20) price objective on shares of Bakkavor Group in a report on Thursday.

Bakkavor Group Trading Up 16.9 %

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 capitalization of £1.03 billion, a P/E ratio of 16.07, a PEG ratio of 0.61 and a beta of 0.63. The firm has a 50 day moving average of GBX 143.45 and a 200-day moving average of GBX 146.90.

Bakkavor Group (LON:BAKK) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 9.60 ($0.12) earnings per share (EPS) for the quarter. Bakkavor Group had a return on equity of 10.43% and a net margin of 2.86%. On average, equities research analysts predict that Bakkavor Group plc will post 11.5761689 earnings per share for the current fiscal year.

About Bakkavor Group

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.