Bakkavor Group (LON:BAKK) Sets New 12-Month High – Still a Buy?

Bakkavor Group plc (LON:BAKK)’s stock price reached a new 52-week high on Monday . The stock 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).

Analyst Ratings Changes

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

Bakkavor Group Stock Performance

The firm has a fifty day moving average of GBX 155.38 and a 200 day moving average of GBX 142.88. The stock has a market cap of £948.34 million, a price-to-earnings ratio of 1,413.75, a PEG 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.

Bakkavor Group Cuts Dividend

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

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.