Bakkavor Group (LON:BAKK) Sets New 1-Year High - Here's What Happened

Bakkavor Group plc (LON:BAKK - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 215 ($2.92) and last traded at GBX 211.57 ($2.87), with a volume of 1147028 shares. The stock had previously closed at GBX 209.50 ($2.84).

Wall Street Analysts Forecast Growth

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

Bakkavor Group Trading Down 0.9%

The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 53.92. The company has a market cap of £1.25 billion, a PE ratio of 19.49, a P/E/G ratio of 0.61 and a beta of 0.63. The company has a fifty day simple moving average of GBX 187.43 and a two-hundred day simple moving average of GBX 160.31.

Bakkavor Group (LON:BAKK - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The company reported GBX 9.60 ($0.13) EPS for the quarter. Bakkavor Group had a return on equity of 10.43% and a net margin of 2.86%. Analysts anticipate that Bakkavor Group plc will post 11.5761689 EPS for the current year.

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.