Premier Foods’ (PFD) House Stock Rating Reiterated at Shore Capital Group

Shore Capital Group restated their house stock rating on shares of Premier Foods (LON:PFD) in a report published on Thursday, Marketbeat Ratings reports.

A number of other equities research analysts have also weighed in on PFD. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 230 target price on shares of Premier Foods in a research note on Friday, May 15th. Royal Bank Of Canada increased their price target on shares of Premier Foods from GBX 210 to GBX 230 and gave the stock a “sector perform” rating in a research note on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Premier Foods from GBX 240 to GBX 250 and gave the stock a “buy” rating in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 242.

Premier Foods Stock Performance

LON:PFD opened at GBX 191.30 on Thursday. The stock has a market cap of £1.65 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60. The firm’s fifty day simple moving average is GBX 201.78 and its 200 day simple moving average is GBX 192.75. Premier Foods has a twelve month low of GBX 165.20 and a twelve month high of GBX 211.60. The company has a quick ratio of 0.41, a current ratio of 0.75 and a debt-to-equity ratio of 24.06.

Premier Foods (LON:PFD) last issued its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.80 earnings per share (EPS) for the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. The business had revenue of GBX 117.55 billion for the quarter. As a group, research analysts predict that Premier Foods will post 13.2607117 EPS for the current year.

Insider Buying and Selling

In related news, insider Duncan Leggett sold 6,344 shares of Premier Foods stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total transaction of £12,878.32. Also, insider Malcolm Waugh purchased 5,156 shares of the stock in a transaction that occurred on Friday, July 17th. The shares were acquired at an average cost of GBX 193 per share, with a total value of £9,951.08. Insiders sold a total of 22,482 shares of company stock worth $4,563,846 in the last three months. 1.68% of the stock is owned by corporate insiders.

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.