Premier Foods (LON:PFD) Posts Earnings Results

Premier Foods (LON:PFD) posted its quarterly earnings data on Thursday. The company reported GBX 5.40 EPS for the quarter, Digital Look Earnings reports. Premier Foods had a return on equity of 8.49% and a net margin of 9.89%.

Premier Foods Stock Up 1.1%

Shares of LON PFD traded up GBX 1.97 during trading on Thursday, hitting GBX 174.97. 5,400,587 shares of the company traded hands, compared to its average volume of 2,340,656. The firm has a market capitalization of £1.51 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 1.44 and a beta of 1.08. The business’s fifty day moving average is GBX 184.61 and its 200 day moving average is GBX 193.02. The company has a debt-to-equity ratio of 25.47, a quick ratio of 0.41 and a current ratio of 1.14. Premier Foods has a fifty-two week low of GBX 168.80 and a fifty-two week high of GBX 216.50.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Peel Hunt restated a “buy” rating and set a GBX 230 price target on shares of Premier Foods in a report on Thursday. Shore Capital reiterated a “house stock” rating on shares of Premier Foods in a research report on Thursday. Berenberg Bank reissued a “buy” rating and set a GBX 270 target price on shares of Premier Foods in a research note on Thursday, August 21st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Premier Foods from GBX 230 to GBX 240 and gave the company a “buy” rating in a research report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Premier Foods presently has an average rating of “Buy” and an average price target of GBX 246.67.

Insider Buying and Selling

In other news, insider Tim Elliott bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was acquired at an average cost of GBX 187 per share, with a total value of £1,870. 1.62% of the stock is owned by insiders.

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.