Premier Foods Plc Rating Reiterated by Jefferies Group (PFD)
Premier Foods Plc (LON:PFD)‘s stock had its “add” rating restated by investment analysts at Jefferies Group in a note issued to investors on Monday, Analyst Ratings.Net reports. They currently have a GBX 160 ($2.64) price objective on the stock. Jefferies Group’s target price would suggest a potential upside of 12.48% from the stock’s previous close.
Shares of Premier Foods Plc (LON:PFD) traded down 1.04% on Monday, hitting GBX 142.25. The stock had a trading volume of 1,023,830 shares. Premier Foods Plc has a 52-week low of GBX 58.445 and a 52-week high of GBX 186.00. The stock has a 50-day moving average of GBX 129.4 and a 200-day moving average of GBX 129.. The company’s market cap is £341.1 million.
A number of other firms have also recently commented on PFD. Analysts at Investec reiterated an “add” rating on shares of Premier Foods Plc in a research note to investors on Tuesday, January 7th. They now have a GBX 160 ($2.64) price target on the stock. Finally, 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. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 127.78 ($2.11).
Premier Foods plc is engaged in food manufacturing, processing and distribution operates in three segments: Grocery, Bread and Disposed of Canning Operations.
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