Premier Foods plc (LON:PFD) Stock Has Average Price Target of GBX 244

Shares of Premier Foods plc (LON:PFD) have earned an average rating of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 244.

A number of equities analysts have recently weighed in on PFD shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 240 target price on shares of Premier Foods in a report on Thursday. Shore Capital Group restated a “house stock” rating on shares of Premier Foods in a report on Thursday, July 16th. Finally, Royal Bank Of Canada decreased their price target on shares of Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating for the company in a report on Friday, July 17th.

Premier Foods Trading Down 2.2%

Premier Foods stock opened at GBX 195.60 on Thursday. Premier Foods has a 52 week low of GBX 165.20 and a 52 week high of GBX 212.60. The company has a debt-to-equity ratio of 24.06, a quick ratio of 0.41 and a current ratio of 0.75. The firm has a market capitalization of £1.68 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 1.44 and a beta of 0.59. The company has a 50 day moving average price of GBX 196.84 and a 200 day moving average price of GBX 195.89.

Premier Foods (LON:PFD) last announced its quarterly earnings data on Thursday, November 12th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. Premier Foods had a return on equity of 9.74% and a net margin of 11.62%. The firm had revenue of £514.50 million during the quarter. Research analysts forecast that Premier Foods will post 13.26 EPS for the current 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.