Bakkavor Group (LON:BAKK) Given New GBX 170 Price Target at Deutsche Bank Aktiengesellschaft

Bakkavor Group (LON:BAKK) had its target price hoisted by Deutsche Bank Aktiengesellschaft from GBX 140 ($1.83) to GBX 170 ($2.22) in a research note published on Thursday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Separately, Citigroup restated a neutral rating and set a GBX 155 ($2.03) target price on shares of Bakkavor Group in a research report on Thursday, June 6th.

Bakkavor Group Price Performance

LON BAKK opened at GBX 156 ($2.04) on Thursday. The stock has a market capitalization of £902.23 million, a price-to-earnings ratio of 1,733.33, a PEG ratio of 0.61 and a beta of 0.63. Bakkavor Group has a 1-year low of GBX 80 ($1.05) and a 1-year high of GBX 163.50 ($2.14). The company has a debt-to-equity ratio of 58.69, a current ratio of 0.56 and a quick ratio of 0.43. The business’s fifty day moving average price is GBX 152.91 and its 200-day moving average price is GBX 132.48.

Bakkavor Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 11th. Investors of record on Thursday, September 12th will be issued a GBX 3.20 ($0.04) dividend. This represents a yield of 2.08%. The ex-dividend date is Thursday, September 12th. Bakkavor Group’s dividend payout ratio is 7,777.78%.

Bakkavor Group Company Profile

Bakkavor Group plc, together with its subsidiaries, engages in the preparation and marketing of fresh prepared foods in the United Kingdom, the United States, and China. It offers meals, pizzas and breads, desserts, dips, salads, soups, sauces, fresh cut salads, burritos, food-to-go products, sandwiches, wraps, and bakery products.