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

Premier Foods (LON:PFD) had its price objective dropped by equities research analysts at Royal Bank Of Canada from GBX 230 to GBX 220 in a research report issued on Friday,Digital Look reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 14.17% from the company’s previous close.

A number of other brokerages have also recently weighed in on PFD. Jefferies Financial Group reiterated a “buy” rating and set a GBX 230 price target on shares of Premier Foods in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Premier Foods from GBX 240 to GBX 250 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Shore Capital Group reissued a “house stock” rating on shares of Premier Foods in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 242.

Premier Foods Stock Performance

Shares of PFD opened at GBX 192.70 on Friday. The business’s fifty day moving average price is GBX 201.99 and its 200 day moving average price is GBX 192.76. The company has a debt-to-equity ratio of 24.06, a current ratio of 0.75 and a quick ratio of 0.41. Premier Foods has a 12-month low of GBX 165.20 and a 12-month high of GBX 211.60. The stock has a market capitalization of £1.66 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60.

Premier Foods (LON:PFD) last released its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.80 earnings per share for the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. The firm had revenue of GBX 117.55 billion for the quarter. Equities research analysts forecast that Premier Foods will post 13.2607117 EPS for the current year.

Insider Activity

In related news, insider Alex Whitehouse sold 9,794 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total transaction of £19,881.82. Also, insider Duncan Leggett sold 6,344 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total transaction of £12,878.32. Insiders have sold 22,482 shares of company stock valued at $4,563,846 in the last ninety days. Company insiders own 1.68% 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.