Brokerages Set Premier Foods plc (LON:PFD) Target Price at GBX 242

Premier Foods plc (LON:PFD) has been given a consensus rating of “Moderate Buy” by the five analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 242.

PFD has been the topic of several research analyst reports. Shore Capital Group reissued a “house stock” rating on shares of Premier Foods in a research report on Thursday, July 16th. Royal Bank Of Canada reduced their price objective on Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating for the company in a research note on Friday, July 17th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 230 target price on shares of Premier Foods in a research note on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Premier Foods from GBX 240 to GBX 250 and gave the company a “buy” rating in a research note on Friday, May 15th.

Insider Transactions at Premier Foods

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

Premier Foods Stock Up 1.0%

Shares of LON PFD opened at GBX 199.50 on Friday. The company has a market capitalization of £1.72 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.44 and a beta of 0.59. The company has a debt-to-equity ratio of 24.06, a current ratio of 0.75 and a quick ratio of 0.41. The business has a 50-day moving average of GBX 196.66 and a two-hundred day moving average of GBX 196. Premier Foods has a 1 year low of GBX 165.20 and a 1 year high of GBX 211.60.

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.