Premier Foods (LON:PFD) Rating Reiterated by Peel Hunt

Peel Hunt reiterated their buy rating on shares of Premier Foods (LON:PFDGet Rating) in a research note published on Tuesday morning, MarketBeat reports. Peel Hunt currently has a GBX 145 ($1.89) target price on the stock.

Separately, Shore Capital reissued a house stock rating on shares of Premier Foods in a research report on Thursday, March 31st.

Shares of PFD opened at GBX 119.49 ($1.56) on Tuesday. The firm has a market cap of £1.03 billion and a PE ratio of 12.60. The firm’s 50 day moving average price is GBX 113.01 and its 200 day moving average price is GBX 111.37. The company has a debt-to-equity ratio of 29.09, a quick ratio of 0.32 and a current ratio of 0.67. Premier Foods has a twelve month low of GBX 92.60 ($1.21) and a twelve month high of GBX 128.20 ($1.67).

In other news, insider Duncan Leggett sold 9,416 shares of the firm’s stock in a transaction on Wednesday, February 2nd. The shares were sold at an average price of GBX 116 ($1.51), for a total value of £10,922.56 ($14,233.20). Also, insider Helen Jones acquired 10,000 shares of the stock in a transaction dated Wednesday, March 2nd. The stock was bought at an average price of GBX 106 ($1.38) per share, for a total transaction of £10,600 ($13,812.87).

Premier Foods Company Profile (Get Rating)

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. It operates through Grocery, Sweet Treats, and International segments. The company offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, and Paxo brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, and Homepride brands; and quick meals, snacks, and soups under the Batchelors and Smash brands.

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