Bakkavor Group (LON:BAKK) Reaches New 12-Month High - Still a Buy?

Bakkavor Group plc (LON:BAKK - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 193.40 ($2.49) and last traded at GBX 190.35 ($2.45), with a volume of 2267557 shares changing hands. The stock had previously closed at GBX 177.80 ($2.29).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reissued an "outperform" rating and set a GBX 170 ($2.19) price objective on shares of Bakkavor Group in a report on Thursday, March 13th.

Bakkavor Group Stock Up 0.2 %

The firm has a market capitalization of £1.11 billion, a P/E ratio of 17.27, a PEG ratio of 0.61 and a beta of 0.63. 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 stock has a 50 day moving average of GBX 154.63 and a 200-day moving average of GBX 148.74.

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

Bakkavor Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, April 24th will be paid 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 currently 72.85%.

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.