Bakkavor Group (LON:BAKK) Shares Up 3% – Time to Buy?

Bakkavor Group plc (LON:BAKK) shares shot up 3% during mid-day trading on Wednesday . The stock traded as high as GBX 156 ($2.04) and last traded at GBX 156 ($2.04). 146,328 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 340,180 shares. The stock had previously closed at GBX 151.50 ($1.98).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on Bakkavor Group from GBX 140 ($1.83) to GBX 170 ($2.22) and gave the company a “buy” rating in a research note on Thursday, September 12th.

Bakkavor Group Stock Performance

The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 53.92. The company has a 50-day moving average of GBX 154.52 and a 200 day moving average of GBX 140.80. The firm has a market capitalization of £887.77 million, a PE ratio of 1,395.45, a PEG ratio of 0.61 and a beta of 0.63.

Bakkavor Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, September 12th will be paid a dividend of GBX 3.20 ($0.04) per share. This represents a yield of 2.08%. The ex-dividend date of this dividend is Thursday, September 12th. Bakkavor Group’s dividend payout ratio (DPR) is currently 7,272.73%.

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.