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Shares of Premier Foods Plc (LON:PFD) have been given a consensus recommendation of “Buy” by the eight ratings firms that are presently covering the stock, Analyst Ratings Net reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on 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.

Shares of Premier Foods Plc (LON:PFD) opened at 43.25 on Monday. Premier Foods Plc has a 1-year low of GBX 38.00 and a 1-year high of GBX 121.851. The stock’s 50-day moving average is GBX 45.5 and its 200-day moving average is GBX 75.72. The company’s market cap is £254.4 million.

Premier Foods plc is an United Kingdom-based company engaged in food manufacturing, processing and distribution.

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