Bakkavor Group’s (BAKK) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Bakkavor Group (LON:BAKK) in a report released on Thursday,Digital Look reports. The firm currently has a GBX 170 ($2.20) target price on the stock.

Bakkavor Group Trading Up 16.9 %

LON:BAKK opened at GBX 176.50 ($2.28) on Thursday. The firm has a market capitalization of £1.03 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth 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 business has a fifty day moving average price of GBX 143.45 and a 200-day moving average price of GBX 146.90. Bakkavor Group has a one year low of GBX 100 ($1.29) and a one year high of GBX 189 ($2.44).

Bakkavor Group (LON:BAKK) last issued its earnings results on Tuesday, March 4th. The company reported GBX 9.60 ($0.12) earnings per share for the quarter. Bakkavor Group had a net margin of 2.86% and a return on equity of 10.43%. Sell-side analysts forecast that Bakkavor Group will post 11.5761689 EPS for the current 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.