Premier Foods plc (LON:PFD) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Premier Foods plc (LON:PFD) have received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 242.

PFD has been the topic of several research analyst reports. Royal Bank Of Canada decreased their price target on shares of Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating on the stock in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Premier Foods from GBX 240 to GBX 250 and gave the stock a “buy” rating in a research report on Friday, May 15th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 230 price objective on shares of Premier Foods in a report on Friday, May 15th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research report on Thursday, July 16th.

Premier Foods Stock Up 0.1%

Shares of LON:PFD opened at GBX 192.40 on Wednesday. Premier Foods has a 12 month low of GBX 165.20 and a 12 month high of GBX 211.60. The company’s 50-day moving average price is GBX 199.67 and its two-hundred day moving average price is GBX 193.75. 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 firm has a market cap of £1.66 billion, a P/E ratio of 12.41, a P/E/G ratio of 1.44 and a beta of 0.60.

Premier Foods (LON:PFD) last posted its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.80 earnings per share for the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. The firm had revenue of GBX 117.55 billion during the quarter. As a group, research analysts forecast that Premier Foods will post 13.2607117 EPS for the current fiscal year.

Insider Transactions at Premier Foods

In other news, insider Malcolm Waugh purchased 5,156 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were acquired at an average price of GBX 193 per share, with a total value of £9,951.08. Also, 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. Insiders sold a total of 22,482 shares of company stock worth $4,563,846 over the last 90 days. 1.68% of the stock is owned by insiders.

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.