Premier Foods (LON:PFD) Stock Rating Reaffirmed by Shore Capital

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

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 145 ($1.81) price objective on shares of Premier Foods in a research note on Tuesday, April 12th.

PFD opened at GBX 113.14 ($1.41) on Tuesday. The company has a debt-to-equity ratio of 29.09, a quick ratio of 0.32 and a current ratio of 0.67. The stock has a market capitalization of £976.17 million and a P/E ratio of 11.77. The company’s 50-day simple moving average is GBX 113.20 and its two-hundred day simple moving average is GBX 111.40. Premier Foods has a 52-week low of GBX 94.80 ($1.18) and a 52-week high of GBX 128.20 ($1.60).

In other news, insider Helen Jones bought 10,000 shares of Premier Foods stock in a transaction that occurred on Wednesday, March 2nd. The stock was bought at an average cost of GBX 106 ($1.32) per share, with a total value of £10,600 ($13,241.72). Also, insider Duncan Leggett sold 9,416 shares of the stock in a transaction that occurred on Wednesday, February 2nd. The shares were sold at an average price of GBX 116 ($1.45), for a total transaction of £10,922.56 ($13,644.67).

About Premier Foods (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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