Premier Foods’ (PFD) “House Stock” Rating Reiterated at Shore Capital

Shore Capital reissued their house stock rating on shares of Premier Foods (LON:PFD) in a report issued on Wednesday morning, MarketBeat Ratings reports.

A number of other equities research analysts also recently commented on PFD. Berenberg Bank lifted their price target on shares of Premier Foods from GBX 270 to GBX 280 and gave the stock a “buy” rating in a report on Friday, November 14th. Peel Hunt restated a “buy” rating and set a GBX 230 target price on shares of Premier Foods in a research report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 245.

Premier Foods Trading Up 0.2%

Shares of PFD opened at GBX 187.20 on Wednesday. The company has a debt-to-equity ratio of 25.47, a current ratio of 1.14 and a quick ratio of 0.41. The firm has a 50 day simple moving average of GBX 174.09 and a 200-day simple moving average of GBX 182.47. Premier Foods has a 1-year low of GBX 165.20 and a 1-year high of GBX 216.50. The stock has a market cap of £1.61 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08.

Premier Foods (LON:PFD) last announced its earnings results on Thursday, November 13th. The company reported GBX 5.40 EPS for the quarter. Premier Foods had a return on equity of 8.49% and a net margin of 9.89%. Equities analysts forecast that Premier Foods will post 13.2607117 EPS 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.