Bakkavor Group (LON:BAKK) Shares Up 16.9% – Time to Buy?

Bakkavor Group plc (LON:BAKK)’s stock price traded up 16.9% on Saturday . The stock traded as high as GBX 189 ($2.44) and last traded at GBX 176.50 ($2.28). 1,004,449 shares were traded during trading, an increase of 106% from the average session volume of 488,569 shares. The stock had previously closed at GBX 151 ($1.95).

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada restated an “outperform” rating and issued a GBX 170 ($2.20) target price on shares of Bakkavor Group in a research note on Thursday.

Bakkavor Group Stock Performance

The company has a debt-to-equity ratio of 53.92, a current ratio of 0.62 and a quick ratio of 0.43. The firm has a market cap of £1.03 billion, a P/E ratio of 16.07, a PEG ratio of 0.61 and a beta of 0.63. The stock’s 50 day moving average is GBX 142.80 and its two-hundred day moving average is GBX 146.80.

Bakkavor Group (LON:BAKK) last released its quarterly earnings data on Tuesday, March 4th. The company reported GBX 9.60 ($0.12) 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 analysts predict that Bakkavor Group plc will post 11.5761689 EPS for the current year.

About Bakkavor Group

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.