Premier Foods plc (LON:PFD) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Premier Foods plc (LON:PFD) have been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 242.

A number of research firms have weighed in on PFD. Shore Capital Group reaffirmed a “house stock” rating on shares of Premier Foods in a research report on Thursday, July 16th. Royal Bank Of Canada dropped their target price on Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating on the stock in a report on Friday, July 17th. Jefferies Financial Group restated a “buy” rating and set a GBX 230 price target on shares of Premier Foods in a research note on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Premier Foods from GBX 240 to GBX 250 and gave the stock a “buy” rating in a research note on Friday, May 15th.

Insider Transactions at Premier Foods

In other news, insider Malcolm Waugh acquired 5,156 shares of the business’s stock in a transaction on Friday, July 17th. The stock was bought at an average price of GBX 193 per share, for a total transaction of £9,951.08. Corporate insiders own 1.68% of the company’s stock.

Premier Foods Stock Performance

LON PFD opened at GBX 200 on Friday. The firm has a market cap of £1.72 billion, a P/E ratio of 12.90, a P/E/G ratio of 1.44 and a beta of 0.59. Premier Foods has a 52-week low of GBX 165.20 and a 52-week high of GBX 211.60. The business’s 50-day moving average price is GBX 196.70 and its 200 day moving average price is GBX 195.71. The company has a quick ratio of 0.41, a current ratio of 0.75 and a debt-to-equity ratio of 24.06.

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.