Premier Foods Plc Given Consensus Recommendation of “Buy” by Brokerages (LON:PFD)
Shares of Premier Foods Plc (LON:PFD) have been given an average recommendation of “Buy” by the eight analysts that are currently covering the stock, AnalystRatings.Net reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 85.73 ($1.43).
PFD has been the subject of a number of recent research reports. Analysts at Jefferies Group cut their price target on shares of Premier Foods Plc from GBX 90 ($1.50) to GBX 80 ($1.34) in a research note on Wednesday, August 6th. They now have a “buy” rating on the stock. Separately, analysts at Shore Capital reiterated a “buy” rating on shares of Premier Foods Plc in a research note on Wednesday, July 23rd. They now have a GBX 47.80 ($0.80) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Premier Foods Plc in a research note on Tuesday, July 22nd. They now have a GBX 90 ($1.50) price target on the stock.
Premier Foods Plc (LON:PFD) traded up 8.86% during mid-day trading on Monday, hitting GBX 43.00. 4,036,819 shares of the company’s stock traded hands. Premier Foods Plc has a 52-week low of GBX 38.00 and a 52-week high of GBX 121.851. The stock has a 50-day moving average of GBX 46.59 and a 200-day moving average of GBX 78.90. The company’s market cap is £252.9 million.
Premier Foods plc is an United Kingdom-based company engaged in food manufacturing, processing and distribution.
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