Brokerages Set Premier Foods plc (LON:PFD) PT at GBX 242

Shares of Premier Foods plc (LON:PFD) have received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 242.

Several research firms have recently weighed in on PFD. Shore Capital Group restated a “house stock” rating on shares of Premier Foods in a research report on Thursday, July 16th. Royal Bank Of Canada cut their target price on shares of Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating for the company in a research report on Friday, July 17th.

Premier Foods Stock Down 0.3%

Shares of LON PFD opened at GBX 192.30 on Thursday. Premier Foods has a 12 month low of GBX 165.20 and a 12 month high of GBX 211.60. The company has a current ratio of 0.75, a quick ratio of 0.41 and a debt-to-equity ratio of 24.06. The firm has a market capitalization of £1.66 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.44 and a beta of 0.59. The business has a 50-day moving average of GBX 193.89 and a 200-day moving average of GBX 195.80.

Insider Transactions at Premier Foods

In other news, insider Malcolm Waugh purchased 5,156 shares of the company’s stock in a transaction on Friday, July 17th. The stock was purchased at an average price of GBX 193 per share, with a total value of £9,951.08. 1.68% of the stock is currently owned by company insiders.

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.