Shore Capital Reaffirms House Stock Rating for Premier Foods (LON:PFD)

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

Separately, Peel Hunt restated a “buy” rating and issued a GBX 145 ($1.79) price target on shares of Premier Foods in a report on Tuesday, April 12th.

LON PFD opened at GBX 113.97 ($1.40) on Wednesday. Premier Foods has a one year low of GBX 95.42 ($1.18) and a one year high of GBX 128.20 ($1.58). The company’s 50 day moving average price is GBX 113.55 and its 200 day moving average price is GBX 111.06. 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 firm has a market capitalization of £983.32 million and a price-to-earnings ratio of 11.82.

In other Premier Foods news, insider Helen Jones bought 10,000 shares of the company’s stock in a transaction dated Wednesday, March 2nd. The shares were acquired at an average cost of GBX 106 ($1.31) per share, with a total value of £10,600 ($13,067.06).

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.

See Also

Receive News & Ratings for Premier Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premier Foods and related companies with MarketBeat.com's FREE daily email newsletter.