Bakkavor Group (LON:BAKK) Sets New 12-Month High - Here's Why

Bakkavor Group plc (LON:BAKK - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 195 ($2.59) and last traded at GBX 195 ($2.59), with a volume of 1468462 shares traded. The stock had previously closed at GBX 187.40 ($2.49).

Analysts Set New Price Targets

Separately, Royal Bank of Canada restated an "outperform" rating and set a GBX 170 ($2.26) price objective on shares of Bakkavor Group in a research report on Thursday, March 13th.

Bakkavor Group Price Performance

The company has a debt-to-equity ratio of 53.92, a quick ratio of 0.43 and a current ratio of 0.62. The stock has a market capitalization of £1.09 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 0.61 and a beta of 0.63. The company has a 50-day moving average of GBX 174.71 and a 200-day moving average of GBX 153.40.

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 return on equity of 10.43% and a net margin of 2.86%. As a group, equities research analysts expect that Bakkavor Group plc will post 11.5761689 earnings per share for the current fiscal year.

Bakkavor Group Increases Dividend

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