Bakkavor Group (LON:BAKK) Sets New 1-Year High – Should You Buy?

Shares of Bakkavor Group plc (LON:BAKK) reached a new 52-week high on Wednesday . The stock traded as high as GBX 188 ($2.43) and last traded at GBX 171 ($2.21), with a volume of 22150516 shares. The stock had previously closed at GBX 168.50 ($2.18).

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, March 13th.

Bakkavor Group Trading Up 1.5 %

The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 53.92. The company has a market capitalization of £999.42 million, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. The business has a fifty day moving average price of GBX 147.56 and a 200 day moving average price of GBX 147.35.

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

Bakkavor Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, April 24th will be paid a GBX 4.80 ($0.06) dividend. This is a positive change from Bakkavor Group’s previous dividend of $3.20. This represents a yield of 3%. The ex-dividend date is Thursday, April 24th. Bakkavor Group’s payout ratio is presently 72.85%.

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.