Premier Foods plc (LON:PFD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Premier Foods plc (LON:PFD) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 244.

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Premier Foods from GBX 210 to GBX 230 and gave the company a “sector perform” rating in a research note on Friday, May 15th. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research note on Monday, May 11th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 230 target price on shares of Premier Foods in a research note on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Premier Foods from GBX 240 to GBX 250 and gave the stock a “buy” rating in a research report on Friday, May 15th.

Insider Activity at Premier Foods

In related news, insider Duncan Leggett sold 6,344 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total value of £12,878.32. Also, insider Alex Whitehouse sold 9,794 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total transaction of £19,881.82. Insiders sold a total of 22,482 shares of company stock valued at $4,563,846 in the last 90 days. 1.67% of the stock is currently owned by corporate insiders.

Premier Foods Stock Performance

LON:PFD opened at GBX 198.40 on Tuesday. Premier Foods has a 1 year low of GBX 165.20 and a 1 year high of GBX 211.60. The firm has a 50 day moving average of GBX 196.95 and a 200-day moving average of GBX 187.51. The company has a current ratio of 0.75, a quick ratio of 0.41 and a debt-to-equity ratio of 24.06. The stock has a market capitalization of £1.71 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 1.44 and a beta of 0.61.

Premier Foods (LON:PFD) last posted its earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share (EPS) for the quarter. Premier Foods had a net margin of 12.17% and a return on equity of 15.61%. The company had revenue of GBX 117.55 billion during the quarter. As a group, sell-side analysts anticipate that Premier Foods will post 13.2607117 EPS for the current fiscal 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.