Brokerages Set Premier Foods plc (LON:PFD) Target Price at GBX 244

Premier Foods plc (LON:PFD) has received a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 244.

Several equities analysts have issued reports on PFD shares. Royal Bank Of Canada boosted their target price on Premier Foods from GBX 210 to GBX 230 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Jefferies Financial Group restated a “buy” rating and issued a GBX 230 price target on shares of Premier Foods in a research note on Friday, May 15th. Shore Capital Group reaffirmed a “house stock” rating on shares of Premier Foods in a report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Premier Foods from GBX 240 to GBX 250 and gave the stock a “buy” rating in a research report on Friday, May 15th.

Premier Foods Stock Performance

Shares of PFD stock traded down GBX 2 during mid-day trading on Friday, hitting GBX 199.60. The stock had a trading volume of 1,936,841 shares, compared to its average volume of 15,509,138. The firm has a market cap of £1.72 billion, a PE ratio of 12.88, a PEG ratio of 1.44 and a beta of 0.60. The company’s 50-day simple moving average is GBX 202.07 and its 200-day simple moving average is GBX 191.91. The company has a debt-to-equity ratio of 24.06, a current ratio of 0.75 and a quick ratio of 0.41. Premier Foods has a fifty-two week low of GBX 165.20 and a fifty-two week high of GBX 211.60.

Premier Foods (LON:PFD) last issued its quarterly earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share (EPS) for the quarter. The business had revenue of GBX 117.55 billion for the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. Sell-side analysts anticipate that Premier Foods will post 13.2607117 earnings per share for the current year.

Insider Transactions at Premier Foods

In related news, insider Duncan Leggett sold 6,344 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total value of £12,878.32. Also, insider Alex Whitehouse sold 9,794 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total transaction of £19,881.82. Insiders sold a total of 22,482 shares of company stock valued at $4,563,846 in the last quarter. Insiders own 1.68% of the company’s stock.

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.