Premier Foods’ (PFD) “House Stock” Rating Reiterated at Shore Capital

Premier Foods (LON:PFDGet Rating)‘s stock had its “house stock” rating reaffirmed by stock analysts at Shore Capital in a research note issued to investors on Monday, MarketBeat.com reports.

Separately, Peel Hunt reissued a “buy” rating and set a GBX 145 ($1.89) price objective on shares of Premier Foods in a research note on Tuesday, April 12th.

PFD stock opened at GBX 114.77 ($1.49) on Monday. The company has a debt-to-equity ratio of 29.09, a current ratio of 0.67 and a quick ratio of 0.32. The firm has a market capitalization of £990.20 million and a PE ratio of 11.96. The company’s 50 day simple moving average is GBX 113.31 and its 200-day simple moving average is GBX 111.37. Premier Foods has a 12 month low of GBX 92.60 ($1.20) and a 12 month high of GBX 128.20 ($1.67).

In related news, insider Helen Jones purchased 10,000 shares of the business’s stock in a transaction on Wednesday, March 2nd. The shares were bought at an average price of GBX 106 ($1.38) per share, with a total value of £10,600 ($13,791.31). Also, insider Duncan Leggett sold 9,416 shares of the stock in a transaction that occurred on Wednesday, February 2nd. The stock was sold at an average price of GBX 116 ($1.51), for a total transaction of £10,922.56 ($14,210.98).

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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