Premier Foods (LON:PFD) Earns “House Stock” Rating from Shore Capital Group

Premier Foods (LON:PFD)‘s stock had its “house stock” rating restated by analysts at Shore Capital Group in a research report issued on Thursday,London Stock Exchange reports.

Several other equities research analysts have also recently commented on PFD. Jefferies Financial Group reiterated a “buy” rating and set a GBX 230 price target on shares of Premier Foods in a research report on Friday, May 15th. Royal Bank Of Canada increased their price objective on shares of Premier Foods from GBX 210 to GBX 230 and gave the company a “sector perform” rating in a report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 244.

Premier Foods Trading Down 2.6%

PFD stock opened at GBX 193.80 on Thursday. 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 has a twelve month low of GBX 165.20 and a twelve month high of GBX 211.60. The company has a market cap of £1.67 billion, a P/E ratio of 12.50, a PEG ratio of 1.44 and a beta of 0.60. The business has a fifty day moving average of GBX 202.11 and a 200-day moving average of GBX 192.59.

Premier Foods (LON:PFD) last announced its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.80 earnings per share for the quarter. Premier Foods had a return on equity of 9.74% and a net margin of 11.62%.The firm had revenue of GBX 117.55 billion during the quarter. As a group, equities research analysts expect that Premier Foods will post 13.2607117 EPS for the current year.

Insider Transactions at Premier Foods

In related news, insider Duncan Leggett sold 6,344 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total transaction of £12,878.32. Also, insider Alex Whitehouse sold 9,794 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total transaction of £19,881.82. Over the last ninety days, insiders sold 22,482 shares of company stock valued at $4,563,846. 1.68% of the stock is currently owned by company insiders.

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.