Bakkavor Group (LON:BAKK) Shares Up 1.4% – Still a Buy?

Bakkavor Group plc (LON:BAKK)’s stock price traded up 1.4% during trading on Wednesday . The company traded as high as GBX 146 ($1.83) and last traded at GBX 146 ($1.83). 35,112 shares were traded during trading, a decline of 89% from the average session volume of 325,824 shares. The stock had previously closed at GBX 144 ($1.80).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upped their price target on Bakkavor Group from GBX 140 ($1.75) to GBX 170 ($2.13) and gave the stock a “buy” rating in a report on Thursday, September 12th.

Bakkavor Group Stock Performance

The company has a market cap of £844.39 million, a price-to-earnings ratio of 1,327.27, a P/E/G ratio of 0.61 and a beta of 0.63. The stock’s fifty day simple moving average is GBX 142.85 and its 200 day simple moving average is GBX 149.26. 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 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.