Premier Foods plc (LON:PFD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Premier Foods plc (LON:PFD) have earned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 244.

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

Premier Foods Stock Down 1.0%

PFD opened at GBX 204.60 on Friday. The company has a debt-to-equity ratio of 24.06, a quick ratio of 0.41 and a current ratio of 0.75. Premier Foods has a fifty-two week low of GBX 165.20 and a fifty-two week high of GBX 211.60. The firm’s fifty day moving average is GBX 201.70 and its 200 day moving average is GBX 191.06. The stock has a market cap of £1.76 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60.

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. Premier Foods had a return on equity of 9.74% and a net margin of 11.62%.The business had revenue of GBX 117.55 billion during the quarter. On average, sell-side analysts forecast that Premier Foods will post 13.2607117 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Duncan Leggett sold 6,344 shares of Premier Foods stock in a transaction dated Thursday, May 21st. The stock was 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 value of £19,881.82. Insiders sold 22,482 shares of company stock worth $4,563,846 over the last ninety days. Insiders own 1.67% 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.