Bakkavor Group (LON:BAKK) Sets New 12-Month High – Here’s Why

Bakkavor Group plc (LON:BAKK) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 167 ($2.16) and last traded at GBX 167 ($2.16), with a volume of 136981 shares. The stock had previously closed at GBX 151 ($1.96).

Wall Street Analysts Forecast Growth

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

Bakkavor Group Trading Up 19.2 %

The stock has a market cap of £1.05 billion, a price-to-earnings ratio of 16.39, 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 company’s fifty day moving average price is GBX 142.80 and its 200-day moving average price is GBX 146.80.

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 net margin of 2.86% and a return on equity of 10.43%. On average, research analysts expect that Bakkavor Group plc will post 11.5761689 EPS 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.