Peel Hunt Reaffirms “Buy” Rating for Premier Foods (LON:PFD)

Premier Foods (LON:PFD)‘s stock had its “buy” rating restated by equities research analysts at Peel Hunt in a research note issued on Thursday, Marketbeat reports. They presently have a GBX 230 price target on the stock. Peel Hunt’s target price suggests a potential upside of 34.42% from the company’s previous close.

Several other brokerages have also recently issued reports on PFD. Berenberg Bank restated a “buy” rating and issued a GBX 270 price objective on shares of Premier Foods in a research note on Thursday, August 21st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Premier Foods from GBX 230 to GBX 240 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Finally, Shore Capital reaffirmed a “house stock” rating on shares of Premier Foods in a report on Friday, September 19th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 246.67.

Premier Foods Trading Up 0.2%

LON:PFD opened at GBX 171.10 on Thursday. Premier Foods has a 12 month low of GBX 168 and a 12 month high of GBX 216.50. The firm has a fifty day simple moving average of GBX 184.07 and a 200-day simple moving average of GBX 192.71. The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.47. The company has a market capitalization of £1.47 billion, a P/E ratio of 12.13, a PEG ratio of 1.44 and a beta of 1.08.

Premier Foods (LON:PFD) last released its 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%. On average, equities research analysts anticipate that Premier Foods will post 13.2607117 earnings per share for the current year.

Insider Transactions at Premier Foods

In related news, insider Tim Elliott acquired 1,000 shares of the stock in a transaction on Thursday, September 18th. The shares were acquired at an average price of GBX 187 per share, for a total transaction of £1,870. Insiders own 1.62% 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.