Bakkavor Group (LON:BAKK) Hits New 52-Week High – Still a Buy?

Bakkavor Group plc (LON:BAKK) shares reached a new 52-week high on Monday . The stock traded as high as GBX 165 ($2.14) and last traded at GBX 157.50 ($2.04), with a volume of 5488 shares trading hands. The stock had previously closed at GBX 155 ($2.01).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised their target price on shares of Bakkavor Group from GBX 140 ($1.82) to GBX 170 ($2.20) and gave the company a “buy” rating in a research note on Thursday, September 12th.

Bakkavor Group Stock Down 1.0 %

The company has a market capitalization of £896.44 million, a PE ratio of 1,409.09, a PEG ratio of 0.61 and a beta of 0.63. The company’s 50 day moving average is GBX 156.02 and its two-hundred day moving average is GBX 144.85. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 53.92.

Bakkavor Group Cuts Dividend

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