Bakkavor Group (BAKK) Hits New 1-Year Low at $140.00

Bakkavor Group Plc (LON:BAKK)’s share price hit a new 52-week low on Thursday . The company traded as low as GBX 140 ($1.83) and last traded at GBX 140 ($1.83), with a volume of 55231 shares changing hands. The stock had previously closed at GBX 144.20 ($1.88).

BAKK has been the subject of a number of analyst reports. Berenberg Bank decreased their target price 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 research note on Thursday, September 6th. Peel Hunt reaffirmed a “buy” rating on shares of Bakkavor Group in a research note on Monday, November 19th. Kepler Capital Markets decreased their target price on shares of Bakkavor Group from GBX 195 ($2.55) to GBX 185 ($2.42) and set a “hold” rating for the company in a research note on Thursday, September 6th. Finally, Barclays reaffirmed an “overweight” rating on shares of Bakkavor Group in a research note on Monday, September 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 213.40 ($2.79).

Bakkavor Group (LON:BAKK) last posted its quarterly earnings results on Thursday, September 6th. The company reported GBX 7.40 ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 7 ($0.09) by GBX 0.40 ($0.01).

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Bakkavor Group Company Profile (LON:BAKK)

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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