Royal Bank Of Canada Cuts Premier Foods (LON:PFD) Price Target to GBX 220

Premier Foods (LON:PFD) had its target price lowered by Royal Bank Of Canada from GBX 230 to GBX 220 in a report released on Friday morning,Digital Look reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Other research analysts have also issued research reports about the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 230 target price on shares of Premier Foods in a research report on Friday, May 15th. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Premier Foods from GBX 240 to GBX 250 and gave the company a “buy” rating in a research note on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Premier Foods has a consensus rating of “Moderate Buy” and a consensus target price of GBX 242.

Premier Foods Price Performance

PFD opened at GBX 191.30 on Friday. The stock has a fifty day moving average of GBX 201.78 and a 200-day moving average of GBX 192.89. The company has a market capitalization of £1.65 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.44 and a beta of 0.60. Premier Foods has a fifty-two week low of GBX 165.20 and a fifty-two week high of GBX 211.60. The company has a debt-to-equity ratio of 24.06, a quick ratio of 0.41 and a current ratio of 0.75.

Premier Foods (LON:PFD) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 15.80 EPS for the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. The business had revenue of GBX 117.55 billion for the quarter. On average, equities analysts expect that Premier Foods will post 13.2607117 EPS for the current year.

Insider Activity at Premier Foods

In other Premier Foods news, insider Alex Whitehouse sold 9,794 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total transaction of £19,881.82. Also, insider Malcolm Waugh bought 5,156 shares of the firm’s stock in a transaction on Friday, July 17th. The stock was purchased at an average cost of GBX 193 per share, for a total transaction of £9,951.08. Insiders sold a total of 22,482 shares of company stock valued at $4,563,846 over the last quarter. 1.68% of the stock is owned by corporate 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.