Bakkavor Group (LON:BAKK) Stock Price Down 2% – Here’s What Happened

Bakkavor Group plc (LON:BAKK) shares fell 2% on Tuesday . The company traded as low as GBX 146 ($1.87) and last traded at GBX 147.50 ($1.88). 245,700 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 335,628 shares. The stock had previously closed at GBX 150.50 ($1.92).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Bakkavor Group from GBX 140 ($1.79) to GBX 170 ($2.17) and gave the stock a “buy” rating in a research report on Thursday, September 12th.

Bakkavor Group Trading Down 2.0 %

The business has a fifty day moving average price of GBX 146.37 and a 200-day moving average price of GBX 148.86. 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 company has a market cap of £853.07 million, a P/E ratio of 1,340.91, a PEG ratio of 0.61 and a beta of 0.63.

About Bakkavor Group

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.