Premier Foods (LON:PFD) Hits New 12-Month Low – What’s Next?

Premier Foods plc (LON:PFD) reached a new 52-week low during trading on Thursday. The company traded as low as GBX 159.90 and last traded at GBX 196.50, with a volume of 2,868,733 shares traded. The stock had previously closed at GBX 200.

Latest Premier Foods News

Here’s some of the latest news about PFD:

• Positive Sentiment: The company announced its first interim dividend in 19 years, citing strong cash generation. This signals confidence in cash flow and adds a direct return for shareholders. Premier Foods sets first interim dividend in 19 years amid strong cash
• Positive Sentiment: Shore Capital upgraded its EPS forecasts, while Jefferies reiterated its “buy” rating and set a GBX 240 price target—both supportive analyst signals. Premier Foods earns EPS forecast upgrade from Shore Capital Jefferies Financial Group rating
• Neutral Sentiment: Premier Foods published its half-year results, but the supplied headlines provide limited detail beyond the branded-revenue growth and raised guidance. Shares were lower in mid-day trading despite the favorable announcements; the articles do not explain the move. Premier Foods Half Year Results

Wall Street Analyst Weigh In

PFD has been the topic of a number of recent analyst reports. Royal Bank Of Canada reduced their price objective on Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating on the stock in a research note on Friday, July 17th. Shore Capital Group restated a “house stock” rating on shares of Premier Foods in a research note on Thursday, July 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 240 price target on shares of Premier Foods in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 244.

Premier Foods Stock Down 1.5%

The company has a debt-to-equity ratio of 24.06, a quick ratio of 0.41 and a current ratio of 0.75. The firm’s 50-day moving average is GBX 196.84 and its two-hundred day moving average is GBX 195.89. The stock has a market cap of £1.69 billion, a P/E ratio of 12.70, a PEG ratio of 1.44 and a beta of 0.59.

Premier Foods (LON:PFD) last announced its quarterly earnings data on Thursday, November 12th. The company reported GBX 5.60 EPS for the quarter. The firm had revenue of £514.50 million for the quarter. Premier Foods had a return on equity of 9.74% and a net margin of 11.62%. On average, equities research analysts anticipate that Premier Foods plc will post 13.26 earnings per share for the current 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.