Berenberg Bank Raises Bakkavor Group (LON:BAKK) Price Target to GBX 125

Bakkavor Group (LON:BAKK) had its price objective lifted by Berenberg Bank from GBX 105 ($1.38) to GBX 125 ($1.64) in a report published on Wednesday morning, Digital Look reports. The brokerage currently has a hold rating on the stock.

BAKK has been the topic of several other research reports. HSBC cut shares of Bakkavor Group to a hold rating in a research report on Tuesday, January 7th. Peel Hunt reissued a buy rating and set a GBX 190 ($2.50) price target on shares of Bakkavor Group in a research report on Wednesday, January 8th. Peel Hunt reissued a buy rating on shares of Bakkavor Group in a research report on Monday, February 10th. Finally, Barclays reissued an underweight rating on shares of Bakkavor Group in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 151 ($1.99).

Shares of BAKK opened at GBX 135 ($1.78) on Wednesday. The stock has a market capitalization of $782.23 million and a PE ratio of 17.76. Bakkavor Group has a 1 year low of GBX 91.50 ($1.20) and a 1 year high of GBX 172.60 ($2.27). The company has a debt-to-equity ratio of 81.75, a quick ratio of 0.37 and a current ratio of 0.56. The company’s 50-day simple moving average is GBX 138.49 and its 200-day simple moving average is GBX 124.68.

About Bakkavor Group

Bakkavor Group plc produces and markets fresh prepared foods in the United Kingdom, the United States, China, and internationally. The company offers ready meals, soups, pasta, sauces, dips, modern deli, fresh cut and dressed salads, dressings, fresh cut produce, sandwich wraps, pizzas, and breads; and desserts, such as cheese and cream cakes, fruit tarts, crumbles, and trifles to grocery retailers and foodservice providers.

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