Princes Group (LON:PRN – Get Free Report)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity Group in a report issued on Monday, London Stock Exchange reports. They presently have a GBX 625 price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 87.41% from the company’s previous close.
Princes Group Stock Up 1.1%
Shares of PRN opened at GBX 333.50 on Monday. The firm’s 50 day simple moving average is GBX 322.57. The stock has a market capitalization of £816.08 million and a P/E ratio of 9.01. Princes Group has a 12 month low of GBX 294.50 and a 12 month high of GBX 498.
Princes Group (LON:PRN – Get Free Report) last posted its quarterly earnings data on Tuesday, September 15th. The company reported GBX 0.11 earnings per share for the quarter.
About Princes Group
Princes Group is a long-established British food and drink company that manufactures, markets and distributes a broad range of ambient food and beverage products. The company is known for producing shelf-stable goods including canned and tinned products, tomato-based items, cooking sauces, edible oils and a variety of beverages. It supplies both branded and private-label products to retail, wholesale and foodservice customers.
Operations focus on end-to-end manufacturing and supply chain capabilities, from ingredient sourcing and production to packing and distribution.
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