Bakkavor Group (LON:BAKK) Stock Price Up 1.4% – What’s Next?

Bakkavor Group plc (LON:BAKK) rose 1.4% on Wednesday . The company traded as high as GBX 146 ($1.83) and last traded at GBX 146 ($1.83). Approximately 35,112 shares traded hands during trading, a decline of 89% from the average daily volume of 325,824 shares. The stock had previously closed at GBX 144 ($1.80).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upped their target price on shares of Bakkavor Group from GBX 140 ($1.75) to GBX 170 ($2.13) and gave the company a “buy” rating in a research report on Thursday, September 12th.

Bakkavor Group Price Performance

The stock has a market cap of £844.39 million, a price-to-earnings ratio of 1,327.27, a P/E/G ratio of 0.61 and a beta of 0.63. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 53.92. The company’s fifty day moving average is GBX 142.85 and its two-hundred day moving average is GBX 149.26.

Bakkavor Group Company Profile

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.