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

Premier Foods (LON:PFD)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a research report issued on Friday,London Stock Exchange reports. They currently have a GBX 230 price objective on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 9.94% from the company’s current price.

PFD has been the topic of several other reports. Berenberg Bank restated a “buy” rating and issued a GBX 280 price objective on shares of Premier Foods in a research report on Thursday, January 22nd. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 244.

Premier Foods Price Performance

Shares of PFD stock traded up GBX 5.60 on Friday, hitting GBX 209.20. 2,241,718 shares of the stock traded hands, compared to its average volume of 16,685,002. The firm has a market cap of £1.80 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.44 and a beta of 0.61. Premier Foods has a 52 week low of GBX 165.20 and a 52 week high of GBX 216.50. The firm has a 50 day simple moving average of GBX 192.04 and a two-hundred day simple moving average of GBX 184.68. The company has a debt-to-equity ratio of 24.01, a current ratio of 1.38 and a quick ratio of 0.41.

Premier Foods (LON:PFD) last issued its earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share for the quarter. Premier Foods had a net margin of 11.49% and a return on equity of 9.27%. The company had revenue of GBX 117.55 billion during the quarter. As a group, equities research analysts predict that Premier Foods will post 13.2607117 earnings per share for the current fiscal year.

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.