Premier Foods Plc (PFD) Given Average Rating of “Buy” by Brokerages
Shares of Premier Foods Plc (LON:PFD) have earned an average recommendation of “Buy” from the six ratings firms that are currently covering the stock. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 52.50 ($0.64).
A number of research analysts recently weighed in on PFD shares. Davy Research reissued an “outperform” rating on shares of Premier Foods Plc in a research note on Wednesday, June 22nd. Jefferies Group reissued a “buy” rating and issued a GBX 60 ($0.73) price objective on shares of Premier Foods Plc in a research note on Thursday, July 7th. Finally, Investec cut their price objective on Premier Foods Plc from GBX 57 ($0.69) to GBX 55 ($0.67) and set a “buy” rating on the stock in a research note on Monday.
In other news, insider McDonald,Andrew sold 170,461 shares of Premier Foods Plc stock in a transaction that occurred 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). Also, insider Darby,Gavin acquired 662,058 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were purchased at an average cost of GBX 51 ($0.62) per share, for a total transaction of £337,649.58 ($411,516.86).
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Shares of Premier Foods Plc (LON:PFD) traded down 1.06% during midday trading on Tuesday, reaching GBX 46.75. The company’s stock had a trading volume of 1,477,133 shares. Premier Foods Plc has a 52-week low of GBX 29.65 and a 52-week high of GBX 62.00. The stock has a 50 day moving average price of GBX 52.08 and a 200-day moving average price of GBX 46.33. The company’s market capitalization is GBX 386.29 million.
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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