Jefferies Financial Group Reiterates Buy Rating for Premier Foods (LON:PFD)

Premier Foods (LON:PFD)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a research note issued on Friday,London Stock Exchange reports. They currently have a GBX 230 price objective on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 9.94% from the company’s previous close.

A number of other research firms also recently issued reports on PFD. Shore Capital Group reaffirmed a “house stock” rating on shares of Premier Foods in a research note on Monday. Berenberg Bank reissued a “buy” rating and issued a GBX 280 price objective on shares of Premier Foods in a research note on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 244.

Premier Foods Price Performance

LON PFD traded up GBX 5.60 during trading on Friday, hitting GBX 209.20. 2,241,718 shares of the stock traded hands, compared to its average volume of 16,685,002. The company has a quick ratio of 0.41, a current ratio of 1.38 and a debt-to-equity ratio of 24.01. Premier Foods has a 12-month low of GBX 165.20 and a 12-month high of GBX 216.50. The firm has a 50-day simple moving average of GBX 192.04 and a 200-day simple moving average of GBX 184.68. The company has a market capitalization of £1.80 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 1.44 and a beta of 0.61.

Premier Foods (LON:PFD) last issued its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.80 earnings per share (EPS) for the quarter. The business had revenue of GBX 117.55 billion for the quarter. Premier Foods had a return on equity of 9.27% and a net margin of 11.49%. As a group, analysts predict that Premier Foods will post 13.2607117 EPS for the current year.

About Premier Foods

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.