Shore Capital Reiterates “House Stock” Rating for Premier Foods (LON:PFD)

Premier Foods (LON:PFD)‘s stock had its “house stock” rating reaffirmed by investment analysts at Shore Capital in a report released on Wednesday,Digital Look reports.

Several other brokerages have also issued reports on PFD. Berenberg Bank boosted their price target on Premier Foods from GBX 270 to GBX 280 and gave the company a “buy” rating in a research note on Friday, November 14th. Peel Hunt reiterated a “buy” rating and issued a GBX 230 price objective on shares of Premier Foods in a research note on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Premier Foods presently has an average rating of “Buy” and a consensus target price of GBX 250.

Premier Foods Trading Up 5.8%

PFD stock traded up GBX 9.77 during trading on Wednesday, hitting GBX 178.97. The company had a trading volume of 73,548,242 shares, compared to its average volume of 7,106,486. The stock has a market cap of £1.54 billion, a PE ratio of 12.01, a PEG ratio of 1.44 and a beta of 1.08. The business has a 50-day moving average of GBX 173.50 and a 200-day moving average of GBX 182.55. The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.47. Premier Foods has a one year low of GBX 165.20 and a one year high of GBX 216.50.

Premier Foods (LON:PFD) last issued its quarterly earnings results on Thursday, November 13th. The company reported GBX 5.40 earnings per share (EPS) for the quarter. Premier Foods had a net margin of 9.89% and a return on equity of 8.49%. Research analysts predict that Premier Foods will post 13.2607117 earnings per share for the current fiscal year.

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.