Bakkavor Group’s (BAKK) Overweight Rating Reiterated at Barclays

Barclays reissued their overweight rating on shares of Bakkavor Group (LON:BAKK) in a report released on Monday morning.

Several other research firms have also recently weighed in on BAKK. Peel Hunt reiterated a buy rating on shares of Bakkavor Group in a report on Wednesday, May 30th. Kepler Capital Markets reduced their price target on shares of Bakkavor Group from GBX 200 ($2.61) to GBX 195 ($2.54) and set a hold rating for the company in a report on Thursday, August 23rd. Finally, Berenberg Bank reduced their price target on shares of Bakkavor Group from GBX 210 ($2.74) to GBX 200 ($2.61) and set a hold rating for the company in a report on Thursday, September 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 213.40 ($2.78).

Shares of LON BAKK opened at GBX 170 ($2.21) on Monday. Bakkavor Group has a 52-week low of GBX 181 ($2.36) and a 52-week high of GBX 215 ($2.80).

Bakkavor Group (LON:BAKK) last released its quarterly earnings results on Thursday, September 6th. The company reported GBX 7.40 ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 7 ($0.09) by GBX 0.40 ($0.01). Bakkavor Group had a net margin of 0.81% and a return on equity of 3.83%.

The business also recently declared a dividend, which will be paid on Friday, October 5th. Stockholders of record on Thursday, September 13th will be issued a GBX 2 ($0.03) dividend. This represents a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, September 13th.

Bakkavor Group Company Profile

Bakkavor Group plc produces and markets fresh prepared foods and produce in the United Kingdom and internationally. The company offers breads and bakery products, desserts and pastries, dips, dressed salads, dressings, fresh produce, fruit juices and smoothies, meal salads, modern deli, pasta, pizza, ready meals, sandwiches and sandwich wraps, sauces, soups, and stir fries, as well as fresh cut fruits, salads, and vegetables to grocery retailers and foodservice providers.

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Analyst Recommendations for Bakkavor Group (LON:BAKK)

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