Bakkavor Group’s (BAKK) Buy Rating Reiterated at Peel Hunt

Bakkavor Group (LON:BAKK)‘s stock had its “buy” rating reaffirmed by equities researchers at Peel Hunt in a report issued on Friday. They presently have a GBX 260 ($3.53) price objective on the stock. Peel Hunt’s target price suggests a potential upside of 31.98% from the stock’s current price.

Several other research firms have also recently weighed in on BAKK. Citigroup assumed coverage on Bakkavor Group in a research note on Thursday, December 21st. They issued a “neutral” rating and a GBX 210 ($2.85) price target for the company. Kepler Capital Markets assumed coverage on Bakkavor Group in a research note on Monday, January 8th. They issued a “hold” rating and a GBX 200 ($2.71) price target for the company. Finally, Barclays assumed coverage on Bakkavor Group in a research note on Thursday, December 21st. They issued an “overweight” rating and a GBX 212 ($2.87) price target for the company.

Bakkavor Group (BAKK) remained flat at $GBX 197 ($2.67) during mid-day trading on Friday. The company’s stock had a trading volume of 462,419 shares, compared to its average volume of 206,623. Bakkavor Group has a fifty-two week low of GBX 185.50 ($2.52) and a fifty-two week high of GBX 201.44 ($2.73). The stock has a market cap of $1,140.00 and a PE ratio of 3,283.33.

In other Bakkavor Group news, insider Simon Burke purchased 50,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average price of GBX 190 ($2.58) per share, for a total transaction of £95,000 ($128,831.03).

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About Bakkavor Group

Bakkavor Group plc is a United Kingdom-based company. The Company is focused on manufacturing fresh prepared foods (FPF) in the United States and China. The Company’s products include breads and bakery, desserts and pastries, dips, dressed salads, dressings, fresh cut fruit, fresh cut salads, fresh cut vegetables, fresh produce, fruit juices and smoothies, meal salads, modern deli, pasta, pizza, ready meals, sandwiches and sandwich wraps, sauces, soups, and stir fries.

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