Bakkavor Group (LON:BAKK) Reaches New 1-Year High - Here's Why

Bakkavor Group plc (LON:BAKK - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 220.71 ($3.03) and last traded at GBX 219.50 ($3.01), with a volume of 1296589 shares traded. The stock had previously closed at GBX 217 ($2.98).

Analyst Ratings Changes

Separately, Royal Bank Of Canada restated an "outperform" rating and set a GBX 170 ($2.33) price target on shares of Bakkavor Group in a research note on Thursday, March 13th.

Bakkavor Group Stock Performance

The company has a 50-day moving average of GBX 199.66 and a 200-day moving average of GBX 168.92. The company has a market cap of £1.29 billion, a PE ratio of 20.12, a PEG ratio of 0.61 and a beta of 0.63. 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 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.