Bakkavor Group (LON:BAKK) Sets New 12-Month High - Time to Buy?

Bakkavor Group plc (LON:BAKK - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 220.71 ($2.99) and last traded at GBX 219.50 ($2.97), with a volume of 1296589 shares traded. The stock had previously closed at GBX 217 ($2.94).

Analyst Ratings Changes

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

Bakkavor Group Stock Performance

The stock's fifty day simple moving average is GBX 196.29 and its two-hundred day simple moving average is GBX 167.22. The company has a market cap of £1.28 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. The company has a debt-to-equity ratio of 53.92, a quick ratio of 0.43 and a current ratio of 0.62.

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.