Premier Foods (LON:PFD) Earns Buy Rating from Berenberg Bank

Premier Foods (LON:PFD)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 280 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 49.57% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 230 target price on shares of Premier Foods in a research note on Thursday, November 13th. Shore Capital reissued a “house stock” rating on shares of Premier Foods in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Premier Foods currently has a consensus rating of “Buy” and an average target price of GBX 245.

Premier Foods Price Performance

LON:PFD opened at GBX 187.20 on Thursday. The stock has a 50 day moving average of GBX 174.09 and a two-hundred day moving average of GBX 182.47. Premier Foods has a 12 month low of GBX 165.20 and a 12 month high of GBX 216.50. The firm has a market cap of £1.61 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.47.

Premier Foods (LON:PFD) last issued its quarterly earnings results 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, analysts expect that Premier Foods will post 13.2607117 earnings per share for the current fiscal year.

Premier Foods Company Profile

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.