Premier Foods’ (PFD) Buy Rating Reaffirmed at Peel Hunt

Premier Foods (LON:PFD)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a report issued on Thursday,Digital Look reports. They currently have a GBX 230 price objective on the stock. Peel Hunt’s price target would suggest a potential upside of 32.38% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Premier Foods from GBX 230 to GBX 240 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Berenberg Bank reissued a “buy” rating and issued a GBX 270 target price on shares of Premier Foods in a research note on Thursday, August 21st. Finally, Shore Capital restated a “house stock” rating on shares of Premier Foods in a report on Friday, September 19th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 246.67.

Premier Foods Price Performance

PFD opened at GBX 173.74 on Thursday. The stock has a 50-day moving average price of GBX 184.61 and a 200-day moving average price of GBX 193.02. The stock has a market capitalization of £1.50 billion, a P/E ratio of 12.32, a PEG ratio of 1.44 and a beta of 1.08. Premier Foods has a 12-month low of GBX 168.80 and a 12-month high of GBX 216.50. The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.47.

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

Insider Transactions at Premier Foods

In related news, insider Tim Elliott acquired 1,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was acquired at an average cost of GBX 187 per share, for a total transaction of £1,870. Insiders own 1.62% of the company’s stock.

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.