Bakkavor Group (BAKK) Earns Buy Rating from Analysts at Peel Hunt

Peel Hunt initiated coverage on shares of Bakkavor Group (LON:BAKK) in a research note issued to investors on Thursday. The firm issued a buy rating and a GBX 260 ($3.53) price objective on the stock.

A number of other research analysts have also issued reports on the stock. Kepler Capital Markets began coverage on shares of Bakkavor Group in a research note on Monday, January 8th. They issued a hold rating and a GBX 200 ($2.71) target price on the stock. Citigroup began coverage on shares of Bakkavor Group in a research note on Thursday, December 21st. They issued a neutral rating and a GBX 210 ($2.85) target price on the stock. Finally, Barclays began coverage on shares of Bakkavor Group in a research note on Thursday, December 21st. They issued an overweight rating and a GBX 212 ($2.87) target price on the stock.

Bakkavor Group (LON:BAKK) opened at GBX 193 ($2.62) on Thursday. Bakkavor Group has a 12 month low of GBX 185.50 ($2.52) and a 12 month high of GBX 196.50 ($2.66). The stock has a market cap of $1,120.00 and a price-to-earnings ratio of 3,216.67.

In related news, insider Simon Burke purchased 50,000 shares of Bakkavor Group stock in a transaction on Friday, November 17th. The stock was purchased 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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