Bakkavor Group (BAKK)

Sector:

Food

Index:

FTSE 250

 152.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 156.00
  • 52 Week Low: 81.00
  • Currency: UK Pounds
  • Shares Issued: 579.43m
  • Volume: 0
  • Market Cap: £883.62m
  • RiskGrade: 195

Berenberg reiterates 'hold' rating on Bakkavor shares

By Iain Gilbert

Date: Tuesday 25 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg reiterated their 'hold' rating on food manufacturer Bakkavor on Tuesday, stating they were still playing a "waiting game" when it came to the stock.
Berenberg said Bakkavor's recent full-year 2021 trading update did little to change its thinking when it came to the firm.

The German bank said although 2022 will be "a challenging year" for Bakkavor, as it looks to manage ongoing cost inflation and labour shortages, this pessimism had been somewhat tempered by the company's "strong sales momentum" in the US - a market that it feels has "attractive" medium-term prospects.

"Nonetheless, despite Bakkavor trading on an undemanding 10x FY23E earnings multiple and an 6% dividend yield, we think that the near-term risk/reward is balanced and we maintain our 'hold' rating," said Berenberg, which also stood by its 145.0p target price on the stock.

Berenberg added that if Bakkavor continues to maintain momentum in the US and China, while de-levering to allow further capacity investment, patient investors should be rewarded.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Bakkavor Group Market Data

Currency UK Pounds
Share Price 152.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 156.00
52 Week Low 81.00
Volume 0
Shares Issued 579.43m
Market Cap £883.62m
RiskGrade 195

Bakkavor Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.32% above the market average48.32% above the market average48.32% above the market average48.32% above the market average48.32% above the market average
25.93% above the sector average25.93% above the sector average25.93% above the sector average25.93% above the sector average25.93% above the sector average
Price Trend
94.84% above the market average94.84% above the market average94.84% above the market average94.84% above the market average94.84% above the market average
93.10% above the sector average93.10% above the sector average93.10% above the sector average93.10% above the sector average93.10% above the sector average
Income
64.77% above the market average64.77% above the market average64.77% above the market average64.77% above the market average64.77% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Growth
9.01% below the market average9.01% below the market average9.01% below the market average9.01% below the market average9.01% below the market average
48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 2
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bakkavor Group Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 14-Sep-23
Paid 29-May-24 13-Oct-23
Amount 4.37p 2.91p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Bakkavor Group Key Personnel

CEO Mike Edward
CFO Ben Waldron

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