Premier Foods plc (LON:PFD) Stock Has Average Price Target of GBX 244

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

A number of brokerages recently weighed in on PFD. Jefferies Financial Group restated a “buy” rating and issued a GBX 240 price target on shares of Premier Foods in a research report on Thursday. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada cut their price objective on Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating for the company in a research report on Friday, July 17th.

Premier Foods Price Performance

Shares of Premier Foods stock opened at GBX 195.60 on Thursday. Premier Foods has a 52 week low of GBX 165.20 and a 52 week high of GBX 212.60. 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 stock has a market cap of £1.68 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.44 and a beta of 0.59. The company’s 50-day moving average price is GBX 196.84 and its two-hundred day moving average price is GBX 195.89.

Premier Foods (LON:PFD) last posted its quarterly earnings data on Thursday, November 12th. The company reported GBX 5.60 earnings per share for the quarter. The company had revenue of £514.50 million during the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. As a group, sell-side analysts anticipate that Premier Foods will post 13.26 EPS for the current fiscal year.

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.