Bakkavor Group (LON:BAKK) Sets New 1-Year High - Should You Buy?

Bakkavor Group plc (LON:BAKK - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 210 ($2.84) and last traded at GBX 209.50 ($2.83), with a volume of 1011372 shares. The stock had previously closed at GBX 207 ($2.80).

Analyst Upgrades and Downgrades

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

Bakkavor Group Trading Down 0.6%

The company has a market cap of £1.23 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. The company's fifty day moving average price is GBX 186.18 and its two-hundred day moving average price is GBX 159.37. 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 posted its quarterly earnings data 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%. Research analysts expect that Bakkavor Group plc will post 11.5761689 earnings per share for the current year.

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.