Bakkavor Group (LON:BAKK) Upgraded to “Hold” at HSBC

HSBC upgraded shares of Bakkavor Group (LON:BAKKGet Rating) to a hold rating in a research report released on Thursday morning, Marketbeat reports. The brokerage currently has GBX 110 ($1.34) target price on the stock.

BAKK has been the topic of a number of other reports. Numis Securities reaffirmed a hold rating on shares of Bakkavor Group in a report on Thursday, January 19th. Peel Hunt reaffirmed a buy rating and issued a GBX 115 ($1.40) price objective on shares of Bakkavor Group in a report on Wednesday, March 8th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of GBX 111.67 ($1.36).

Bakkavor Group Stock Performance

Shares of LON BAKK opened at GBX 104.48 ($1.27) on Thursday. The company has a debt-to-equity ratio of 67.90, a current ratio of 0.61 and a quick ratio of 0.43. The stock’s fifty day moving average price is GBX 109.48 and its two-hundred day moving average price is GBX 98.52. Bakkavor Group has a one year low of GBX 77.90 ($0.95) and a one year high of GBX 126.53 ($1.54). The firm has a market cap of ¬£605.39 million, a price-to-earnings ratio of 1,054.00, a P/E/G ratio of 0.61 and a beta of 0.70.

Bakkavor Group Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 5th. Stockholders of record on Thursday, April 27th will be issued a dividend of GBX 4.16 ($0.05) per share. This is a positive change from Bakkavor Group’s previous dividend of $2.77. This represents a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, April 27th. Bakkavor Group’s dividend payout ratio is 7,000.00%.

Bakkavor Group Company Profile

(Get Rating)

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

Further Reading

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