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

Premier Foods plc (LON:PFD) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 244.

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

Insider Buying and Selling at Premier Foods

In other news, insider Alex Whitehouse sold 9,794 shares of Premier Foods stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total transaction of £19,881.82. Also, 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. Insiders have sold 22,482 shares of company stock worth $4,563,846 over the last quarter. 1.67% of the stock is owned by company insiders.

Premier Foods Trading Down 1.0%

Shares of LON:PFD opened at GBX 204.60 on Friday. The stock’s 50-day simple moving average is GBX 201.70 and its two-hundred day simple moving average is GBX 191.06. The stock has a market capitalization of £1.76 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.44 and a beta of 0.60. Premier Foods has a 52-week low of GBX 165.20 and a 52-week high of GBX 211.60. The company has a debt-to-equity ratio of 24.06, a quick ratio of 0.41 and a current ratio of 0.75.

Premier Foods (LON:PFD) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 15.80 EPS for the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. The firm had revenue of GBX 117.55 billion during the quarter. Analysts expect that Premier Foods will post 13.2607117 EPS for the current 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.