Premier Foods (LON:PFD) Reaches New 1-Year Low – Here’s Why

Premier Foods plc (LON:PFD)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 165.20 and last traded at GBX 168, with a volume of 2567851 shares traded. The stock had previously closed at GBX 168.

Wall Street Analyst Weigh In

PFD has been the topic of a number of research analyst reports. Berenberg Bank boosted their price target on Premier Foods from GBX 270 to GBX 280 and gave the company a “buy” rating in a report on Friday, November 14th. Shore Capital reiterated a “house stock” rating on shares of Premier Foods in a research report on Thursday, November 13th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 230 target price on shares of Premier Foods in a research note on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 250.

Premier Foods Stock Up 0.5%

The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 25.47. The company has a market capitalization of £1.45 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The company has a 50-day moving average of GBX 175.91 and a two-hundred day moving average of GBX 184.88.

Premier Foods (LON:PFD) last posted its quarterly earnings data on Thursday, November 13th. The company reported GBX 5.40 earnings per share (EPS) for the quarter. Premier Foods had a return on equity of 8.49% and a net margin of 9.89%. On average, research analysts predict that Premier Foods plc will post 13.2607117 EPS for the current year.

About Premier Foods

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.