Bakkavor Group (LON:BAKK) Reaches New 52-Week High - What's Next?

Bakkavor Group plc (LON:BAKK - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as GBX 203 ($2.75) and last traded at GBX 199.98 ($2.71), with a volume of 17853500 shares trading hands. The stock had previously closed at GBX 197.40 ($2.67).

Analysts Set New Price Targets

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

Bakkavor Group Trading Up 0.4%

The stock has a market capitalization of £1.22 billion, a PE ratio of 18.96, a P/E/G ratio of 0.61 and a beta of 0.63. The firm has a 50 day moving average price of GBX 180.60 and a 200 day moving average price of GBX 155.95. 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 (LON:BAKK - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 9.60 ($0.13) earnings per share for the quarter. Bakkavor Group had a net margin of 2.86% and a return on equity of 10.43%. Equities analysts expect that Bakkavor Group plc will post 11.5761689 EPS for the current fiscal year.

Bakkavor Group Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, April 24th will be issued a GBX 4.80 ($0.06) dividend. This represents a yield of 3%. This is an increase from Bakkavor Group's previous dividend of $3.20. The ex-dividend date of this dividend is Thursday, April 24th. Bakkavor Group's dividend payout ratio (DPR) is presently 72.85%.

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.