Bakkavor Group (BAKK) Now Covered by Barclays

Equities researchers at Barclays assumed coverage on shares of Bakkavor Group (LON:BAKK) in a research report issued to clients and investors on Thursday. The brokerage set an “overweight” rating and a GBX 212 ($2.85) price target on the stock. Barclays’ target price points to a potential upside of 10.42% from the company’s previous close.

Shares of Bakkavor Group (LON BAKK) opened at GBX 192 ($2.58) on Thursday. Bakkavor Group has a twelve month low of GBX 185.50 ($2.50) and a twelve month high of GBX 196.50 ($2.64). The firm has a market cap of $1,120.00 and a PE ratio of 3,200.00.

In related news, insider Simon Burke bought 50,000 shares of the stock in a transaction on Friday, November 17th. The shares were purchased at an average price of GBX 190 ($2.56) per share, with a total value of £95,000 ($127,860.03).

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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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