Bakkavor Group (LON:BAKK) Stock Price Down 2% - Should You Sell?

Bakkavor Group plc (LON:BAKK - Get Free Report) shares fell 2% during mid-day trading on Tuesday . The stock traded as low as GBX 146 ($1.86) and last traded at GBX 147.50 ($1.88). 245,700 shares were traded during mid-day trading, a decline of 27% from the average session volume of 335,628 shares. The stock had previously closed at GBX 150.50 ($1.92).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised their target price on shares of Bakkavor Group from GBX 140 ($1.79) to GBX 170 ($2.17) and gave the stock a "buy" rating in a report on Thursday, September 12th.

Bakkavor Group Price Performance

The stock has a market cap of £855.96 million, a price-to-earnings ratio of 1,345.45, a P/E/G ratio of 0.61 and a beta of 0.63. The company has a 50 day simple moving average of GBX 146.24 and a 200-day simple moving average of GBX 148.86. 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

Bakkavor Group plc, together with its subsidiaries, engages in the preparation and marketing of fresh prepared foods in the United Kingdom, the United States, and China. It offers meals, pizzas and breads, desserts, dips, salads, soups, sauces, fresh cut salads, burritos, food-to-go products, sandwiches, wraps, and bakery products.