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

Premier Foods plc (LON:PFD) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 242.

Several research firms recently weighed in on PFD. Jefferies Financial Group restated a “buy” rating and issued a GBX 230 price objective on shares of Premier Foods in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft increased their target price 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. Shore Capital Group restated a “house stock” rating on shares of Premier Foods in a report on Thursday, July 16th. Finally, Royal Bank Of Canada cut their price objective on shares of Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating on the stock in a report on Friday, July 17th.

Premier Foods Trading Up 0.4%

PFD opened at GBX 190.44 on Wednesday. The stock’s fifty day moving average is GBX 198.48 and its two-hundred day moving average is GBX 194.57. The company has a market capitalization of £1.64 billion, a P/E ratio of 12.29, a PEG ratio of 1.44 and a beta of 0.60. Premier Foods has a 52 week low of GBX 165.20 and a 52 week high of GBX 211.60. The company has a quick ratio of 0.41, a current ratio of 0.75 and a debt-to-equity ratio of 24.06.

Premier Foods (LON:PFD) last issued its earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share 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. Analysts forecast that Premier Foods will post 13.2607117 earnings per share for the current year.

Insider Buying and Selling at Premier Foods

In other news, insider Alex Whitehouse sold 9,794 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 £19,881.82. Also, insider Malcolm Waugh purchased 5,156 shares of the stock in a transaction dated Friday, July 17th. The stock was purchased at an average price of GBX 193 per share, for a total transaction of £9,951.08. Insiders have sold 22,482 shares of company stock worth $4,563,846 over the last quarter. Insiders own 1.68% of the company’s stock.

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.