Premier Foods (LON:PFD) Price Target Raised to GBX 250

Premier Foods (LON:PFD) had its target price hoisted by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 240 to GBX 250 in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 19.50% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 280 price objective on shares of Premier Foods in a report on Thursday, January 22nd. Shore Capital Group reissued a “house stock” rating on shares of Premier Foods in a report on Monday. Jefferies Financial Group restated a “buy” rating and issued a GBX 230 target price on shares of Premier Foods in a research report on Friday. Finally, Royal Bank Of Canada increased their price target on Premier Foods from GBX 210 to GBX 230 and gave the company a “sector perform” rating in a research note on Friday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 244.

Premier Foods Price Performance

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

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