Barclays Reiterates Overweight Rating for Bakkavor Group (BAKK)

Barclays restated their overweight rating on shares of Bakkavor Group (LON:BAKK) in a research report released on Thursday.

Other equities analysts also recently issued research reports about the stock. Peel Hunt reissued a buy rating and issued a GBX 260 ($3.65) price objective on shares of Bakkavor Group in a research note on Friday, January 19th. Citigroup initiated coverage on shares of Bakkavor Group in a research note on Thursday, December 21st. They issued a neutral rating and a GBX 210 ($2.95) price objective for the company. Finally, Kepler Capital Markets initiated coverage on Bakkavor Group in a research report on Monday, January 8th. They set a hold rating and a GBX 200 ($2.81) price target on the stock.

Bakkavor Group (LON:BAKK) opened at GBX 212.50 ($2.98) on Thursday. The company has a market cap of $1,230.00 and a P/E ratio of 3,541.67. Bakkavor Group has a 12 month low of GBX 185.50 ($2.60) and a 12 month high of GBX 215 ($3.02).

In other Bakkavor Group news, insider Simon Burke purchased 50,000 shares of Bakkavor Group stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of GBX 190 ($2.67) per share, with a total value of £95,000 ($133,408.23).

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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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