Bakkavor Group (BAKK) Now Covered by Analysts at Peel Hunt

Investment analysts at Peel Hunt began coverage on shares of Bakkavor Group (LON:BAKK) in a report released on Thursday. The firm set a “buy” rating and a GBX 260 ($3.53) price target on the stock. Peel Hunt’s price objective would indicate a potential upside of 34.72% from the company’s previous close.

A number of other equities research analysts also recently commented on BAKK. Kepler Capital Markets assumed coverage on shares of Bakkavor Group in a research report on Monday, January 8th. They issued a “hold” rating and a GBX 200 ($2.71) price objective for the company. Barclays started coverage on shares of Bakkavor Group in a report on Thursday, December 21st. They issued an “overweight” rating and a GBX 212 ($2.87) target price for the company. Finally, Citigroup started coverage on shares of Bakkavor Group in a report on Thursday, December 21st. They issued a “neutral” rating and a GBX 210 ($2.85) target price for the company.

Shares of Bakkavor Group (LON:BAKK) traded up GBX 0.40 ($0.01) during trading hours on Thursday, reaching GBX 193 ($2.62). 287,814 shares of the company were exchanged, compared to its average volume of 185,545. The firm has a market capitalization of $1,120.00 and a P/E ratio of 3,216.67. Bakkavor Group has a 1 year low of GBX 185.50 ($2.52) and a 1 year high of GBX 196.50 ($2.66).

In related news, insider Simon Burke bought 50,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was bought at an average cost of GBX 190 ($2.58) per share, with a total value 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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