Premier Foods Plc (PFD) Given New GBX 55 Price Target at Investec
Premier Foods Plc (LON:PFD) had its price objective lowered by equities researchers at Investec from GBX 57 ($0.69) to GBX 55 ($0.67) in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. Investec’s price objective would suggest a potential upside of 16.40% from the stock’s current price.
Several other brokerages have also recently issued reports on PFD. Jefferies Group reissued a “buy” rating and set a GBX 60 ($0.73) price objective on shares of Premier Foods Plc in a research note on Thursday, July 7th. Davy Research reaffirmed an “outperform” rating on shares of Premier Foods Plc in a research report on Wednesday, June 22nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 52.50 ($0.64).
Shares of Premier Foods Plc (LON:PFD) traded down 2.07% during trading on Monday, hitting GBX 47.25. The company’s stock had a trading volume of 1,920,258 shares. Premier Foods Plc has a 52 week low of GBX 29.65 and a 52 week high of GBX 62.00. The company’s market cap is GBX 390.42 million. The firm’s 50 day moving average price is GBX 52.26 and its 200-day moving average price is GBX 46.37.
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In other news, insider Darby,Gavin acquired 662,058 shares of the business’s stock in a transaction on Friday, August 5th. The shares were purchased at an average price of GBX 51 ($0.62) per share, for a total transaction of £337,649.58 ($411,516.86). Also, insider McDonald,Andrew sold 170,461 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of GBX 49 ($0.60), for a total transaction of £83,525.89 ($101,798.77).
Premier Foods Plc Company Profile
Premier Foods plc is a food company. The Company is engaged in the manufacture and distribution of branded and own label food and beverage products. The Company’s segments include Grocery, Sweet Treats and International. The Grocery segment primarily sells savory ambient food products. The Sweet Treats segment sells sweet ambient food products.
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