Peel Hunt Reiterates Buy Rating for Bakkavor Group (LON:BAKK)

Bakkavor Group (LON:BAKK)‘s stock had its “buy” rating reiterated by Peel Hunt in a note issued to investors on Thursday, LSE.Co.UK reports. They currently have a GBX 190 ($2.48) target price on the stock. Peel Hunt’s price objective would indicate a potential upside of 51.03% from the company’s previous close.

A number of other brokerages have also weighed in on BAKK. Shore Capital reissued a “not rated” rating on shares of Bakkavor Group in a report on Tuesday, September 10th. Peel Hunt reissued a “buy” rating and issued a GBX 190 ($2.48) price target on shares of Bakkavor Group in a report on Wednesday. Barclays reissued an “underweight” rating and issued a GBX 115 ($1.50) price target (down previously from GBX 125 ($1.63)) on shares of Bakkavor Group in a report on Friday, September 20th. Finally, Berenberg Bank raised shares of Bakkavor Group to a “hold” rating and set a GBX 105 ($1.37) price target for the company in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 147.50 ($1.93).

Shares of Bakkavor Group stock traded down GBX 0.40 ($0.01) during midday trading on Thursday, reaching GBX 125.80 ($1.64). The company had a trading volume of 280,004 shares, compared to its average volume of 376,835. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 81.75. The company has a market capitalization of $718.49 million and a price-to-earnings ratio of 16.55. The stock has a fifty day simple moving average of GBX 120.73 and a 200 day simple moving average of GBX 117.18. Bakkavor Group has a 1-year low of GBX 91.50 ($1.20) and a 1-year high of GBX 172.60 ($2.26).

Bakkavor Group Company Profile

Bakkavor Group plc produces and markets fresh prepared foods in the United Kingdom, the United States, China, and internationally. The company offers ready meals, soups, pasta, sauces, dips, modern deli, fresh cut and dressed salads, dressings, fresh cut produce, sandwich wraps, pizzas, and breads; and desserts, such as cheese and cream cakes, fruit tarts, crumbles, and trifles to grocery retailers and foodservice providers.

Read More: What is an overbought condition?

Analyst Recommendations for Bakkavor Group (LON:BAKK)

Receive News & Ratings for Bakkavor Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bakkavor Group and related companies with's FREE daily email newsletter.