Brokerages Set Premier Foods Plc (PFD) Target Price at $50.00
Premier Foods Plc (LON:PFD) has been given an average recommendation of “Buy” by the six ratings firms that are covering the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 50 ($0.62).
PFD has been the subject of a number of research reports. Investec lowered their price target on shares of Premier Foods Plc from GBX 57 ($0.71) to GBX 55 ($0.69) and set a “buy” rating for the company in a report on Monday, October 17th. Jefferies Group lowered shares of Premier Foods Plc to a “hold” rating and lowered their target price for the stock from GBX 60 ($0.75) to GBX 50 ($0.62) in a report on Tuesday, October 25th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 50 ($0.62) target price on shares of Premier Foods Plc in a report on Friday, November 18th.
Shares of Premier Foods Plc (LON:PFD) opened at 41.75 on Tuesday. Premier Foods Plc has a one year low of GBX 29.65 and a one year high of GBX 62.00. The company’s 50 day moving average price is GBX 46.89 and its 200 day moving average price is GBX 46.38. The stock’s market capitalization is GBX 345.56 million.
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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