Premier Foods (LON:PFD) Receives Buy Rating from Jefferies Financial Group

Premier Foods (LON:PFD)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a research report issued on Tuesday, Digital Look reports. They presently have a GBX 43 ($0.56) price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 18.95% from the company’s current price.

Separately, Shore Capital reissued a “hold” rating on shares of Premier Foods in a research note on Tuesday.

Premier Foods stock traded up GBX 2.80 ($0.04) during midday trading on Tuesday, hitting GBX 36.15 ($0.47). 2,621,788 shares of the stock were exchanged, compared to its average volume of 662,448. The company has a fifty day simple moving average of GBX 32.12 and a two-hundred day simple moving average of GBX 34.20. Premier Foods has a 52 week low of GBX 29.45 ($0.38) and a 52 week high of GBX 41.30 ($0.54). The stock has a market capitalization of $307.93 million and a PE ratio of -9.04. The company has a quick ratio of 0.42, a current ratio of 0.78 and a debt-to-equity ratio of 51.69.

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. It operates through Grocery and Sweet Treats segments. The company offers a portfolio of product categories, including flavourings and seasonings under the Bisto, OXO, and Paxo brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, and Homepride brands; and quick meals, snacks, and soups under the Batchelors and Smash brands.

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