Premier Foods (LON:PFD) Stock Keeps Buy Rating at Jefferies Financial Group

Premier Foods (LON:PFD)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 240 price objective on the stock. Jefferies Financial Group‘s price objective would suggest a potential upside of 22.32% from the company’s current price.

Several other analysts also recently commented on PFD. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research note on Thursday, July 16th. Royal Bank Of Canada decreased their price target on Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating for the company in a research note on Friday, July 17th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 244.

Premier Foods Trading Down 1.9%

LON:PFD opened at GBX 196.20 on Thursday. The company’s 50 day moving average price is GBX 196.84 and its 200-day moving average price is GBX 195.89. Premier Foods has a 52 week low of GBX 165.20 and a 52 week high of GBX 212.60. The company has a quick ratio of 0.41, a current ratio of 0.75 and a debt-to-equity ratio of 24.06. The stock has a market cap of £1.69 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.44 and a beta of 0.59.

Premier Foods (LON:PFD) last announced its quarterly earnings results on Thursday, November 12th. The company reported GBX 5.60 earnings per share for the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. The company had revenue of £514.50 million during the quarter. On average, equities research analysts forecast that Premier Foods will post 13.26 earnings per share for the current fiscal year.

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.