Bakkavor Group (LON:BAKK) Earns Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Bakkavor Group (LON:BAKK - Free Report) in a report published on Thursday,Digital Look reports. Royal Bank of Canada currently has a GBX 170 ($2.21) price objective on the stock.

Bakkavor Group Trading Down 7.1 %

LON:BAKK traded down GBX 12.50 ($0.16) during trading hours on Thursday, hitting GBX 164 ($2.13). The stock had a trading volume of 1,149,456 shares, compared to its average volume of 509,599. The business's 50 day moving average is GBX 143.45 and its 200-day moving average is GBX 146.85. 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 company has a market cap of £958.51 million, a price-to-earnings ratio of 14.93, a P/E/G ratio of 0.61 and a beta of 0.63. Bakkavor Group has a one year low of GBX 100.50 ($1.31) and a one year high of GBX 189 ($2.45).

Bakkavor Group (LON:BAKK - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The company reported GBX 9.60 ($0.12) EPS for the quarter. Bakkavor Group had a net margin of 2.86% and a return on equity of 10.43%. Sell-side analysts anticipate that Bakkavor Group will post 11.5761689 EPS for the current fiscal year.

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.