Bakkavor Group (LON:BAKK) Reaches New 1-Year High - Still a Buy?

Bakkavor Group plc (LON:BAKK - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 203 ($2.72) and last traded at GBX 199.98 ($2.68), with a volume of 17853500 shares traded. The stock had previously closed at GBX 197.40 ($2.64).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada restated an "outperform" rating and set a GBX 170 ($2.28) target price on shares of Bakkavor Group in a research report on Thursday, March 13th.

Bakkavor Group Stock Down 0.2%

The business's fifty day simple moving average is GBX 178.27 and its 200 day simple moving average is GBX 154.57. The stock has a market cap of £1.18 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 53.92.

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

Bakkavor Group Increases Dividend

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

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.

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