Bakkavor Group (LON:BAKK) Reaches New 12-Month High - Here's What Happened

Bakkavor Group plc (LON:BAKK - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 215 ($2.91) and last traded at GBX 211.57 ($2.86), with a volume of 1147028 shares changing hands. The stock had previously closed at GBX 209.50 ($2.84).

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada restated an "outperform" rating and issued a GBX 170 ($2.30) price objective on shares of Bakkavor Group in a research report on Thursday, March 13th.

Bakkavor Group Stock Performance

The stock's 50-day moving average price is GBX 188.15 and its 200-day moving average price is GBX 161.32. 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 £1.25 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 0.61 and a beta of 0.63.

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.