Premier Foods plc (LON:PFD) Stock Has Consensus Target Price of GBX 242

Shares of Premier Foods plc (LON:PFD) have earned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 242.

A number of equities research analysts have weighed in on the company. Shore Capital Group restated a “house stock” rating on shares of Premier Foods in a research note on Thursday, July 16th. Royal Bank Of Canada dropped their price objective on Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating on the stock in a report on Friday, July 17th.

Premier Foods Stock Up 0.8%

Shares of LON PFD opened at GBX 198.90 on Monday. The company has a debt-to-equity ratio of 24.06, a quick ratio of 0.41 and a current ratio of 0.75. Premier Foods has a 1 year low of GBX 165.20 and a 1 year high of GBX 211.60. The stock’s 50-day simple moving average is GBX 194.46 and its 200-day simple moving average is GBX 196.40. The firm has a market cap of £1.71 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 1.44 and a beta of 0.59.

Insider Activity at Premier Foods

In other Premier Foods news, insider Malcolm Waugh bought 5,156 shares of Premier Foods stock in a transaction dated Friday, July 17th. The stock was bought at an average cost of GBX 193 per share, for a total transaction of £9,951.08. Company insiders own 1.68% 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.