Bakkavor Group (LON:BAKK) Stock Price Down 0.8% – Should You Sell?

Shares of Bakkavor Group plc (LON:BAKK) fell 0.8% during mid-day trading on Monday . The company traded as low as GBX 131.46 ($1.67) and last traded at GBX 131.50 ($1.67). Approximately 301,233 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 339,284 shares. The stock had previously closed at GBX 132.50 ($1.68).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Bakkavor Group from GBX 140 ($1.77) to GBX 170 ($2.15) and gave the company a “buy” rating in a report on Thursday, September 12th.

Bakkavor Group Price Performance

The stock’s 50 day simple moving average is GBX 152.76 and its 200-day simple moving average is GBX 147.31. The stock has a market capitalization of £760.53 million, a price-to-earnings ratio of 1,195.45, a PEG ratio of 0.61 and a beta of 0.63. The company has a debt-to-equity ratio of 53.92, a current ratio of 0.62 and a quick ratio of 0.43.

Bakkavor Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 12th were issued a dividend of GBX 3.20 ($0.04) per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a yield of 2.08%. Bakkavor Group’s dividend payout ratio (DPR) is currently 7,272.73%.

Bakkavor Group Company Profile

Bakkavor Group plc, together with its subsidiaries, engages in the preparation and marketing of fresh prepared foods in the United Kingdom, the United States, and China. It offers meals, pizzas and breads, desserts, dips, salads, soups, sauces, fresh cut salads, burritos, food-to-go products, sandwiches, wraps, and bakery products.