Bakkavor Group (LON:BAKK) Hits New 52-Week High at $164.00

Bakkavor Group plc (LON:BAKK)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 164 ($2.17) and last traded at GBX 162.50 ($2.15), with a volume of 158099 shares traded. The stock had previously closed at GBX 161 ($2.13).

Analyst Ratings Changes

A number of brokerages have issued reports on BAKK. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Bakkavor Group from GBX 140 ($1.85) to GBX 170 ($2.25) and gave the stock a “buy” rating in a research report on Thursday, September 12th. Citigroup reiterated a “neutral” rating and set a GBX 155 ($2.05) price target on shares of Bakkavor Group in a report on Thursday, June 6th.

Bakkavor Group Price Performance

The firm has a market cap of £916.68 million, a PE ratio of 1,436.36, a P/E/G ratio of 0.61 and a beta of 0.63. 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 business’s fifty day moving average is GBX 153.92 and its 200-day moving average is GBX 134.72.

Bakkavor Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 12th will be paid a dividend of GBX 3.20 ($0.04) per share. The ex-dividend date is Thursday, September 12th. This represents a dividend yield of 2.08%. Bakkavor Group’s payout ratio is currently 7,272.73%.

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.