Royal Bank Of Canada Issues Pessimistic Forecast for Premier Foods (LON:PFD) Stock Price

Premier Foods (LON:PFD) had its price objective lowered by analysts at Royal Bank Of Canada from GBX 230 to GBX 220 in a research report issued to clients and investors on Friday,Digital Look reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 15.00% from the company’s previous close.

Other analysts have also issued reports about the stock. 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. Jefferies Financial Group restated a “buy” rating and set a GBX 230 price objective on shares of Premier Foods in a research report on Friday, May 15th. Finally, Shore Capital Group restated a “house stock” rating on shares of Premier Foods in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 242.

Premier Foods Stock Performance

Shares of PFD stock opened at GBX 191.30 on Friday. Premier Foods has a one year low of GBX 165.20 and a one year high of GBX 211.60. The company’s 50-day moving average is GBX 201.78 and its 200 day moving average is GBX 192.75. The company has a market capitalization of £1.65 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60. 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 issued 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 11.62% and a return on equity of 9.74%. The business had revenue of GBX 117.55 billion during the quarter. Sell-side analysts expect that Premier Foods will post 13.2607117 EPS for the current fiscal year.

Insider Transactions at Premier Foods

In related news, insider Duncan Leggett sold 6,344 shares of Premier Foods stock in a transaction on Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total transaction of £12,878.32. Also, insider Alex Whitehouse sold 9,794 shares of the company’s stock in a transaction 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 over the last three months. Corporate insiders own 1.68% of the company’s stock.

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.