Premier Foods plc (LON:PFD) Receives GBX 244 Average Price Target from Brokerages

Shares of Premier Foods plc (LON:PFD) have been given an average recommendation of “Moderate Buy” by the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 244.

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

Premier Foods Trading Down 0.1%

Shares of Premier Foods stock opened at GBX 202.74 on Tuesday. Premier Foods has a 12-month low of GBX 165.20 and a 12-month high of GBX 211.60. The company has a market cap of £1.75 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 1.44 and a beta of 0.61. The company has a current ratio of 0.75, a quick ratio of 0.41 and a debt-to-equity ratio of 24.06. The company’s 50-day moving average price is GBX 199.08 and its 200-day moving average price is GBX 188.56.

Premier Foods (LON:PFD) last announced its quarterly earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share (EPS) for the quarter. Premier Foods had a net margin of 12.17% and a return on equity of 15.61%. The firm had revenue of GBX 117.55 billion for the quarter. On average, equities analysts expect that Premier Foods will post 13.2607117 earnings per share for the current fiscal year.

Insider Activity at Premier Foods

In related news, insider Duncan Leggett sold 6,344 shares of the company’s stock in a transaction that occurred on 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 company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total transaction of £19,881.82. Over the last 90 days, insiders sold 22,482 shares of company stock worth $4,563,846. 1.67% of the stock is owned by company insiders.

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.