Premier Foods (LON:PFD) Receives “Buy” Rating from Jefferies Financial Group

Premier Foods (LON:PFD)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Financial Group in a note issued to investors on Thursday, Marketbeat reports. They presently have a GBX 230 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 25.55% from the company’s previous close.

Several other equities research analysts also recently commented on PFD. Peel Hunt reissued a “buy” rating and set a GBX 230 target price on shares of Premier Foods in a research report on Thursday, November 13th. Berenberg Bank reissued a “buy” rating and issued a GBX 280 price target on shares of Premier Foods in a report on Thursday. Finally, Shore Capital reissued a “house stock” rating on shares of Premier Foods in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 245.

Premier Foods Trading Up 1.1%

Shares of PFD opened at GBX 183.20 on Thursday. The company has a debt-to-equity ratio of 25.47, a quick ratio of 0.41 and a current ratio of 1.14. The firm has a market cap of £1.58 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.44 and a beta of 1.08. Premier Foods has a 52-week low of GBX 165.20 and a 52-week high of GBX 216.50. The business’s fifty day moving average is GBX 173.61 and its 200-day moving average is GBX 182.53.

Premier Foods (LON:PFD) last posted its earnings results on Thursday, November 13th. The company reported GBX 5.40 earnings per share for the quarter. Premier Foods had a net margin of 9.89% and a return on equity of 8.49%. Equities analysts anticipate that Premier Foods will post 13.2607117 EPS for the current fiscal year.

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.