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

Shares of Premier Foods plc (LON:PFD) have received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 244.

A number of equities analysts have recently weighed in on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 280 target price on shares of Premier Foods in a report on Thursday, January 22nd. Royal Bank Of Canada increased their target price on Premier Foods from GBX 210 to GBX 230 and gave the stock a “sector perform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Premier Foods from GBX 240 to GBX 250 and gave the stock a “buy” rating in a research report on Friday. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a report on Monday. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 230 price objective on shares of Premier Foods in a research note on Friday.

Premier Foods Trading Up 3.1%

PFD stock traded up GBX 6.40 during trading on Friday, reaching GBX 210. 241,569,000 shares of the stock were exchanged, compared to its average volume of 19,258,414. The firm has a market capitalization of £1.81 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 1.44 and a beta of 0.61. The company has a current ratio of 1.38, a quick ratio of 0.41 and a debt-to-equity ratio of 24.01. Premier Foods has a 1 year low of GBX 165.20 and a 1 year high of GBX 216.50. The business has a 50 day moving average price of GBX 192.04 and a 200-day moving average price of GBX 184.68.

Premier Foods (LON:PFD) last issued its quarterly earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share for the quarter. The firm had revenue of GBX 117.55 billion during the quarter. Premier Foods had a net margin of 11.49% and a return on equity of 9.27%. On average, research analysts predict that Premier Foods will post 13.2607117 earnings per share for the current 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.