Premier Foods Plc (LON:PFD) had its price target dropped by equities research analysts at Investec from GBX 57 ($0.69) to GBX 55 ($0.67) in a report released on Monday. The brokerage presently has a “buy” rating on the stock. Investec’s price objective points to a potential upside of 17.65% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Davy Research reiterated an “outperform” rating on shares of Premier Foods Plc in a report on Wednesday, June 22nd. Jefferies Group reiterated a “buy” rating and issued a GBX 60 ($0.73) target price on shares of Premier Foods Plc in a report on Thursday, July 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 52.50 ($0.64).

Analyst Recommendations for Premier Foods Plc (LON:PFD)

Shares of Premier Foods Plc (LON:PFD) opened at 46.913 on Monday. Premier Foods Plc has a 12-month low of GBX 29.65 and a 12-month high of GBX 62.00. The stock has a 50 day moving average price of GBX 52.08 and a 200 day moving average price of GBX 46.33. The firm’s market cap is GBX 387.64 million.

In other news, insider Darby,Gavin acquired 662,058 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was purchased at an average price of GBX 51 ($0.62) per share, for a total transaction of £337,649.58 ($411,516.86). Also, insider McDonald,Andrew sold 170,461 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of GBX 49 ($0.60), for a total value of £83,525.89 ($101,798.77).

About Premier Foods Plc

Premier Foods plc is a food company. The Company is engaged in the manufacture and distribution of branded and own label food and beverage products. The Company’s segments include Grocery, Sweet Treats and International. The Grocery segment primarily sells savory ambient food products. The Sweet Treats segment sells sweet ambient food products.

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