Premier Foods plc (LON:PFD) Receives GBX 244 Consensus Target Price from Analysts

Premier Foods plc (LON:PFD) has earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 244.

A number of brokerages have recently commented on PFD. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 280 price objective on shares of Premier Foods in a research report on Thursday, January 22nd. Royal Bank Of Canada lifted their price objective on Premier Foods from GBX 210 to GBX 230 and gave the company a “sector perform” rating in a research report on Friday, May 15th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 230 target price on shares of Premier Foods in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft lifted their target price on Premier Foods from GBX 240 to GBX 250 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a report on Monday, May 11th.

Premier Foods Price Performance

Shares of LON:PFD opened at GBX 203.40 on Friday. The company has a market cap of £1.75 billion, a P/E ratio of 13.65, a P/E/G ratio of 1.44 and a beta of 0.61. The company has a quick ratio of 0.41, a current ratio of 0.75 and a debt-to-equity ratio of 24.06. Premier Foods has a 52 week low of GBX 165.20 and a 52 week high of GBX 216.50. The business has a fifty day simple moving average of GBX 193.51 and a 200-day simple moving average of GBX 185.46.

Premier Foods (LON:PFD) last announced its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.80 EPS for the quarter. The business had revenue of GBX 117.55 billion during the quarter. Premier Foods had a return on equity of 15.61% and a net margin of 12.17%. Equities 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.