PREMIER FOODS P/ADR (OTCMKTS:PRRFY) Raised to “Buy” at Zacks Investment Research

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Zacks Investment Research upgraded shares of PREMIER FOODS P/ADR (OTCMKTS:PRRFY) from a sell rating to a buy rating in a research note released on Wednesday morning, Zacks.com reports. They currently have $2.50 price target on the stock.

According to Zacks, “Premier Foods plc, along with its subsidiaries, is engaged in the manufacturing, processing, and distribution of food and beverage products in the United Kingdom and other European countries. The Company operates in three divisions: Grocery, Hovis and Chilled. Grocery division is comprised of cakes, soups, vegetables, stocks, gravies, spreads, desserts. Hovis segment is comprised of wrapped bread, morning goods, and frozen part-baked products. The chilled segment is comprised of chilled and frozen meat-free products and chilled ready meal. The top brands offered by the company include: Hovis, Mr. Kipling, Quorn, Sharwoods, Cadbury, Bisto, Branston, Ambrosia, Loyd Grossman and Batchelors. Premier Foods plc is headquartered in St Albans, the United Kingdom. “

Separately, ValuEngine raised shares of Ultrapar Participacoes from a strong sell rating to a sell rating in a report on Tuesday, June 4th.

Shares of PRRFY opened at $2.35 on Wednesday. PREMIER FOODS P/ADR has a 1 year low of $1.75 and a 1 year high of $2.97. The firm has a market capitalization of $395.09 million, a P/E ratio of 4.70, a price-to-earnings-growth ratio of 0.66 and a beta of 2.02. The company’s fifty day moving average price is $2.14.

About PREMIER FOODS P/ADR

There is no company description available for Premier Foods PLC.

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