Premier Foods plc (LON:PFD) Receives GBX 244 Consensus Target Price from Brokerages

Shares of Premier Foods plc (LON:PFD) have received an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 244.

Several analysts recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 230 target price on shares of Premier Foods in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Premier Foods from GBX 240 to GBX 250 and gave the company a “buy” rating in a research report on Friday, May 15th. Shore Capital Group restated a “house stock” rating on shares of Premier Foods in a research report on Monday, May 11th. Finally, Royal Bank Of Canada boosted their target price on shares of Premier Foods from GBX 210 to GBX 230 and gave the company a “sector perform” rating in a research report on Friday, May 15th.

Premier Foods Stock Performance

Shares of LON PFD opened at GBX 206 on Tuesday. The firm has a 50 day moving average of GBX 198.75 and a 200 day moving average of GBX 188.26. The company has a current ratio of 0.75, a quick ratio of 0.41 and a debt-to-equity ratio of 24.06. The firm has a market capitalization of £1.78 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.44 and a beta of 0.61. Premier Foods has a 12-month low of GBX 165.20 and a 12-month high of GBX 211.60.

Premier Foods (LON:PFD) last announced its earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share (EPS) for the quarter. The company had revenue of GBX 117.55 billion during the quarter. Premier Foods had a net margin of 12.17% and a return on equity of 15.61%. On average, research analysts anticipate that Premier Foods will post 13.2607117 earnings per share for the current year.

Insider Buying and Selling

In other Premier Foods news, insider Duncan Leggett sold 6,344 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total value of £12,878.32. Also, insider Alex Whitehouse sold 9,794 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total transaction of £19,881.82. Over the last quarter, insiders sold 22,482 shares of company stock valued at $4,563,846. Company insiders own 1.67% of the company’s stock.

Premier Foods Company Profile

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.