Jefferies Financial Group Reaffirms Buy Rating for Premier Foods (LON:PFD)

Premier Foods (LON:PFD)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a GBX 230 price target on the stock. Jefferies Financial Group’s target price points to a potential upside of 22.86% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Shore Capital restated a “house stock” rating on shares of Premier Foods in a research report on Wednesday. Berenberg Bank reiterated a “buy” rating and set a GBX 280 price target on shares of Premier Foods in a research note on Thursday. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 230 price target on shares of Premier Foods in a research report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 245.

Premier Foods Trading Up 0.2%

PFD opened at GBX 187.20 on Thursday. The company has a debt-to-equity ratio of 25.47, a quick ratio of 0.41 and a current ratio of 1.14. Premier Foods has a one year low of GBX 165.20 and a one year high of GBX 216.50. The company has a market cap of £1.61 billion, a P/E ratio of 12.56, a PEG ratio of 1.44 and a beta of 1.08. The business’s 50-day simple moving average is GBX 174.09 and its 200-day simple moving average is GBX 182.47.

Premier Foods (LON:PFD) last announced 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%. As a group, equities research analysts expect that Premier Foods will post 13.2607117 EPS 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.