Bakkavor Group (LON:BAKK) Hits New 52-Week High - Should You Buy?

Bakkavor Group plc (LON:BAKK - Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as GBX 167 ($2.17) and last traded at GBX 167 ($2.17), with a volume of 136981 shares changing hands. The stock had previously closed at GBX 151 ($1.96).

Analyst Ratings Changes

Separately, Royal Bank of Canada reiterated an "outperform" rating and issued a GBX 170 ($2.21) target price on shares of Bakkavor Group in a research report on Thursday, March 13th.

Bakkavor Group Trading Down 2.4 %

The stock has a 50-day moving average of GBX 144.24 and a 200 day moving average of GBX 146.96. The stock has a market cap of £935.13 million, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 53.92.

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

Bakkavor Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, April 24th will be issued a GBX 4.80 ($0.06) dividend. The ex-dividend date is Thursday, April 24th. This is an increase from Bakkavor Group's previous dividend of $3.20. This represents a yield of 3%. Bakkavor Group's payout ratio is presently 72.85%.

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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.