Credit Suisse Reiterates Outperform Rating for Premier Foods Plc (PFD)
Premier Foods Plc (LON:PFD)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse in a research report issued on Wednesday. They currently have a GBX 90 ($1.51) price objective on the stock. Credit Suisse’s price target suggests a potential upside of 50.00% from the stock’s previous close.
A number of other firms have also recently commented on PFD. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Premier Foods Plc in a research note on Friday, May 16th. They now have a GBX 91 ($1.53) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Premier Foods Plc in a research note on Monday, May 12th. They now have a GBX 90 ($1.51) price target on the stock. Finally, analysts at Investec reiterated a “hold” rating on shares of Premier Foods Plc in a research note on Friday, May 2nd. They now have a GBX 72 ($1.21) price target on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 95.57 ($1.61).
Shares of Premier Foods Plc (LON:PFD) traded down 0.42% during mid-day trading on Wednesday, hitting GBX 59.75. 941,139 shares of the company’s stock traded hands. Premier Foods Plc has a 52-week low of GBX 38.288 and a 52-week high of GBX 121.851. The stock has a 50-day moving average of GBX 59.37 and a 200-day moving average of GBX 110.0. The company’s market cap is £143.3 million.
Premier Foods plc is an United Kingdom-based company engaged in food manufacturing, processing and distribution.
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