Premier Foods’ (PFD) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Premier Foods (LON:PFD) in a research note released on Thursday, Marketbeat reports. Peel Hunt currently has a GBX 230 price target on the stock.

PFD has been the topic of several other research reports. Berenberg Bank restated a “buy” rating and set a GBX 270 target price on shares of Premier Foods in a report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Premier Foods from GBX 230 to GBX 240 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Finally, Shore Capital reiterated a “house stock” rating on shares of Premier Foods in a report on Friday, September 19th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 246.67.

Premier Foods Stock Performance

Shares of PFD stock opened at GBX 171.10 on Thursday. Premier Foods has a 52 week low of GBX 168 and a 52 week high of GBX 216.50. The company has a market capitalization of £1.47 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The company’s 50 day moving average price is GBX 184.07 and its two-hundred day moving average price is GBX 192.68. The company has a debt-to-equity ratio of 25.47, a quick ratio of 0.41 and a current ratio of 1.14.

Premier Foods (LON:PFD) last issued its quarterly earnings data on Thursday, November 13th. The company reported GBX 5.40 EPS for the quarter. Premier Foods had a net margin of 9.89% and a return on equity of 8.49%. On average, analysts expect that Premier Foods will post 13.2607117 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Tim Elliott bought 1,000 shares of the stock in a transaction dated Thursday, September 18th. The shares were acquired at an average price of GBX 187 per share, with a total value of £1,870. 1.62% of the stock is currently owned by company insiders.

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.