Premier Foods Plc (PFD) PT Lowered to GBX 55
Premier Foods Plc (LON:PFD) had its price objective cut by Investec from GBX 57 ($0.71) to GBX 55 ($0.68) in a report released on Monday. The firm currently has a “buy” rating on the stock. Investec’s price objective would indicate a potential upside of 13.99% from the company’s previous close.
Other equities analysts have also issued reports about the stock. Jefferies Group reaffirmed a “buy” rating and issued a GBX 60 ($0.74) price target on shares of Premier Foods Plc in a report on Thursday, July 7th. Davy Research reaffirmed an “outperform” rating on shares of Premier Foods Plc in a report on Wednesday, June 22nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 52.50 ($0.65).
Shares of Premier Foods Plc (LON:PFD) opened at 48.00 on Monday. The stock’s market cap is GBX 396.62 million. The firm has a 50-day moving average price of GBX 52.33 and a 200-day moving average price of GBX 46.59. Premier Foods Plc has a 52 week low of GBX 29.65 and a 52 week high of GBX 62.00.
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In related news, insider Darby,Gavin acquired 662,058 shares of the stock in a transaction dated Friday, August 5th. The stock was acquired at an average cost of GBX 51 ($0.63) per share, for a total transaction of £337,649.58 ($417,883.14). Also, insider McDonald,Andrew sold 170,461 shares of Premier Foods Plc stock in a transaction on Monday, August 1st. The stock was sold at an average price of GBX 49 ($0.61), for a total transaction of £83,525.89 ($103,373.63).
About Premier Foods Plc
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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