Premier Foods (LON:PFD) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of Premier Foods (LON:PFD) in a report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a GBX 210 ($2.64) target price on the stock.

Separately, Shore Capital reaffirmed a house stock rating on shares of Premier Foods in a report on Wednesday, March 6th.

Premier Foods Price Performance

Shares of LON:PFD opened at GBX 161.40 ($2.03) on Tuesday. The company has a 50-day simple moving average of GBX 149.85 and a 200-day simple moving average of GBX 138.15. The company has a debt-to-equity ratio of 25.73, a quick ratio of 0.41 and a current ratio of 1.02. The stock has a market capitalization of £1.40 billion, a price-to-earnings ratio of 1,467.27, a PEG ratio of 1.44 and a beta of 1.02. Premier Foods has a one year low of GBX 111.50 ($1.40) and a one year high of GBX 170.80 ($2.15).

Insiders Place Their Bets

In other news, insider Alex Whitehouse sold 13,107 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of GBX 153 ($1.92), for a total value of £20,053.71 ($25,189.94). In other news, insider Duncan Leggett sold 25,353 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of GBX 154 ($1.93), for a total transaction of £39,043.62 ($49,043.61). Also, insider Alex Whitehouse sold 13,107 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of GBX 153 ($1.92), for a total transaction of £20,053.71 ($25,189.94). 25.28% of the stock is currently owned by company insiders.

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.