Bakkavor Group (LON:BAKK) PT Raised to GBX 170

Bakkavor Group (LON:BAKK) had its price objective upped by Deutsche Bank Aktiengesellschaft from GBX 140 ($1.83) to GBX 170 ($2.22) in a report released on Thursday, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Separately, Citigroup reaffirmed a neutral rating and issued a GBX 155 ($2.03) target price on shares of Bakkavor Group in a report on Thursday, June 6th.

Bakkavor Group Trading Up 1.3 %

BAKK opened at GBX 158 ($2.07) on Thursday. The company has a market cap of £913.79 million, a P/E ratio of 1,755.56, a PEG ratio of 0.61 and a beta of 0.63. The company has a current ratio of 0.56, a quick ratio of 0.43 and a debt-to-equity ratio of 58.69. The company’s 50 day moving average is GBX 153.29 and its 200-day moving average is GBX 133.37. Bakkavor Group has a 1-year low of GBX 80 ($1.05) and a 1-year high of GBX 163.50 ($2.14).

Bakkavor Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, September 12th will be given a GBX 3.20 ($0.04) dividend. This represents a yield of 2.08%. The ex-dividend date is Thursday, September 12th. Bakkavor Group’s dividend payout ratio (DPR) is currently 7,777.78%.

Bakkavor Group Company Profile

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.