Premier Foods (LON:PFD) Price Target Raised to GBX 280 at Berenberg Bank

Premier Foods (LON:PFD) had its price target increased by equities research analysts at Berenberg Bank from GBX 270 to GBX 280 in a research report issued on Friday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 62.04% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Peel Hunt restated a “buy” rating and set a GBX 230 price objective on shares of Premier Foods in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Premier Foods from GBX 230 to GBX 240 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Finally, Shore Capital reiterated a “house stock” rating on shares of Premier Foods in a report on Thursday. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 250.

Premier Foods Stock Performance

Shares of LON PFD opened at GBX 172.80 on Friday. Premier Foods has a 12-month low of GBX 168 and a 12-month high of GBX 216.50. The company has a market cap of £1.49 billion, a PE ratio of 12.26, a P/E/G ratio of 1.44 and a beta of 1.08. The stock has a 50 day simple moving average of GBX 184.07 and a 200-day simple moving average of GBX 192.64. The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.47.

Premier Foods (LON:PFD) last posted its earnings results on Thursday, November 13th. The company reported GBX 5.40 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 forecast that Premier Foods will post 13.2607117 EPS for the current year.

Insiders Place Their Bets

In other Premier Foods news, insider Tim Elliott acquired 1,000 shares of Premier Foods stock in a transaction dated Thursday, September 18th. The stock was bought 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.

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.