Premier Foods (LON:PFD) Given Buy Rating at Jefferies Financial Group

Premier Foods (LON:PFD)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a research note issued on Thursday, Marketbeat.com reports. They presently have a GBX 230 price objective on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 25.55% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Peel Hunt reaffirmed a “buy” rating and issued a GBX 230 price target on shares of Premier Foods in a report on Thursday, November 13th. Shore Capital reiterated a “house stock” rating on shares of Premier Foods in a research report on Wednesday. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 280 price objective on shares of Premier Foods in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Premier Foods presently has an average rating of “Buy” and a consensus target price of GBX 245.

Premier Foods Stock Up 1.1%

PFD opened at GBX 183.20 on Thursday. The company has a debt-to-equity ratio of 25.47, a quick ratio of 0.41 and a current ratio of 1.14. Premier Foods has a fifty-two week low of GBX 165.20 and a fifty-two week high of GBX 216.50. The firm’s fifty day moving average is GBX 173.61 and its 200 day moving average is GBX 182.53. The stock has a market cap of £1.58 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08.

Premier Foods (LON:PFD) last posted its earnings results on Thursday, November 13th. The company reported GBX 5.40 earnings per share for the quarter. Premier Foods had a net margin of 9.89% and a return on equity of 8.49%. On average, sell-side analysts forecast that Premier Foods will post 13.2607117 earnings per share for the current fiscal year.

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.