Shares of Bakkavor Group plc (LON:BAKK - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 195 ($2.60) and last traded at GBX 195 ($2.60), with a volume of 1468462 shares changing hands. The stock had previously closed at GBX 187.40 ($2.50).
Analyst Ratings Changes
Separately, Royal Bank of Canada restated an "outperform" rating and issued a GBX 170 ($2.27) price objective on shares of Bakkavor Group in a report on Thursday, March 13th.
View Our Latest Report on BAKK
Bakkavor Group Price Performance
The business has a 50-day moving average price of GBX 177.30 and a 200 day moving average price of GBX 154.26. The company has a market cap of £1.17 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 0.61 and a beta of 0.63. The company has a current ratio of 0.62, a quick ratio of 0.43 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 return on equity of 10.43% and a net margin of 2.86%. As a group, research analysts expect that Bakkavor Group plc will post 11.5761689 earnings per share for the current fiscal year.
Bakkavor Group Increases Dividend
The company also recently declared a dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, April 24th will be given a GBX 4.80 ($0.06) dividend. This represents a dividend yield of 3%. The ex-dividend date of this dividend is Thursday, April 24th. This is an increase from Bakkavor Group's previous dividend of $3.20. Bakkavor Group's dividend payout ratio is 72.85%.
About Bakkavor Group
(
Get Free Report)
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.
Further Reading
Before you consider Bakkavor Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bakkavor Group wasn't on the list.
While Bakkavor Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
