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Bakkavor Group Exits China with £50m Sale

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Bakkavor Group Exits China with £50m Sale

Elevate Your Investing Strategy:

Bakkavor Group plc ( (GB:BAKK) ) has shared an update.

Bakkavor Group plc has completed the sale of its China operations to Lihe Xing (Qingdoa) Food Technology Co. Ltd., marking the company’s exit from the region. The transaction, valued at approximately £50 million, is expected to yield a net profit of around £18 million. This strategic move allows Bakkavor to focus on its core markets and supports its medium-term margin target of 6%, enhancing its operational focus and financial leverage.

The most recent analyst rating on (GB:BAKK) stock is a Buy with a £2.00 price target. To see the full list of analyst forecasts on Bakkavor Group plc stock, see the GB:BAKK Stock Forecast page.

Spark’s Take on GB:BAKK Stock

According to Spark, TipRanks’ AI Analyst, GB:BAKK is a Outperform.

Bakkavor Group plc’s stock is rated at 72, driven by strong financial performance and positive corporate events, particularly the strategic acquisition. Technical analysis and valuation also contribute positively, supporting a solid investment outlook.

To see Spark’s full report on GB:BAKK stock, click here.

More about Bakkavor Group plc

Bakkavor Group plc is a leading provider of fresh prepared food in the UK, with a significant presence in the US market. The company specializes in offering a diverse range of products including meals, pizza & bread, salads, and desserts, catering primarily to leading grocery retailers. Bakkavor leverages consumer insights and scale to deliver innovative food solutions focused on quality, choice, convenience, and freshness.

Average Trading Volume: 1,893,746

Technical Sentiment Signal: Buy

Current Market Cap: £1.24B

Find detailed analytics on BAKK stock on TipRanks’ Stock Analysis page.

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