Bakkavor Group (LON:BAKK) Reaches New 1-Year High - What's Next?

Bakkavor Group plc (LON:BAKK - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as GBX 216 ($2.93) and last traded at GBX 215 ($2.92), with a volume of 361251 shares. The stock had previously closed at GBX 213 ($2.89).

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada restated an "outperform" rating and set a GBX 170 ($2.31) price target on shares of Bakkavor Group in a research note on Thursday, March 13th.

Bakkavor Group Stock Performance

The company has a debt-to-equity ratio of 53.92, a quick ratio of 0.43 and a current ratio of 0.62. The company has a market capitalization of £1.27 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 0.61 and a beta of 0.63. The firm has a 50-day simple moving average of GBX 191.21 and a two-hundred day simple moving average of GBX 163.99.

Bakkavor Group Company Profile

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.