Premier Foods Plc Rating Reiterated by Investec (PFD)
Premier Foods Plc (LON:PFD)‘s stock had its “add” rating restated by Investec in a research note issued on Monday, Stock Ratings Network.com reports. They currently have a GBX 160 ($2.64) price objective on the stock. Investec’s price objective would indicate a potential upside of 12.48% from the stock’s previous close.
A number of other firms have also recently commented on PFD. Analysts at Jefferies Group reiterated an “add” rating on shares of Premier Foods Plc in a research note to investors on Monday. They now have a GBX 160 ($2.64) price target on the stock. Separately, analysts at Citigroup Inc. cut their price target on shares of Premier Foods Plc from GBX 170 ($2.80) to GBX 150 ($2.47) in a research note to investors on Thursday, December 5th. They now have a “neutral” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral/neutral” rating on shares of Premier Foods Plc in a research note to investors on Friday, November 22nd. They now have a GBX 155 ($2.55) price target on the stock. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 127.78 ($2.11).
Premier Foods Plc (LON:PFD) traded down 1.04% on Monday, hitting GBX 142.25. 1,023,830 shares of the company’s stock traded hands. Premier Foods Plc has a one year low of GBX 58.445 and a one year high of GBX 186.00. The stock has a 50-day moving average of GBX 130.9 and a 200-day moving average of GBX 130.9. The company’s market cap is £341.1 million.
Premier Foods plc is engaged in food manufacturing, processing and distribution operates in three segments: Grocery, Bread and Disposed of Canning Operations.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.