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

Premier Foods (LON:PFD) had its target price raised by Royal Bank Of Canada from GBX 210 to GBX 230 in a report issued on Friday, Marketbeat Ratings reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities analysts have also recently weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 280 price target on shares of Premier Foods in a report on Thursday, January 22nd. Shore Capital Group reissued a “house stock” rating on shares of Premier Foods in a report on Monday, May 11th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 230 price objective on shares of Premier Foods in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 244.

Premier Foods Stock Up 3.1%

PFD stock opened at GBX 210 on Friday. Premier Foods has a one year low of GBX 165.20 and a one year high of GBX 216.50. The company has a debt-to-equity ratio of 24.06, a quick ratio of 0.41 and a current ratio of 0.75. The firm’s fifty day moving average is GBX 192.41 and its 200 day moving average is GBX 184.86. The firm has a market cap of £1.81 billion, a PE ratio of 14.09, a P/E/G ratio of 1.44 and a beta of 0.61.

Premier Foods (LON:PFD) last issued its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.80 earnings per share for the quarter. Premier Foods had a net margin of 12.17% and a return on equity of 15.61%. The business had revenue of GBX 117.55 billion during the quarter. On average, research analysts forecast that Premier Foods will post 13.2607117 EPS for the current 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.