Bakkavor Group (LON:BAKK) Sets New 1-Year High – Here’s What Happened

Shares of Bakkavor Group plc (LON:BAKK) reached a new 52-week high during trading on Monday . The company traded as high as GBX 164.50 ($2.15) and last traded at GBX 163.97 ($2.14), with a volume of 407690 shares traded. The stock had previously closed at GBX 155.51 ($2.03).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised their target price on Bakkavor Group from GBX 140 ($1.83) to GBX 170 ($2.22) and gave the stock a “buy” rating in a research note on Thursday, September 12th.

Bakkavor Group Stock Performance

The company has a debt-to-equity ratio of 53.92, a quick ratio of 0.43 and a current ratio of 0.62. The firm has a market capitalization of £948.34 million, a PE ratio of 1,413.75, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. The firm’s 50 day moving average price is GBX 155.38 and its 200-day moving average price is GBX 142.88.

Bakkavor Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 11th. Investors of record on Thursday, September 12th were issued a GBX 3.20 ($0.04) dividend. This represents a yield of 2.08%. The ex-dividend date was Thursday, September 12th. Bakkavor Group’s payout ratio is presently 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.