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

Shore Capital reaffirmed their house stock rating on shares of Premier Foods (LON:PFD) in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports.

A number of other research firms have also weighed in on PFD. Berenberg Bank upped their target price on shares of Premier Foods from GBX 270 to GBX 280 and gave the stock a “buy” rating in a report on Friday, November 14th. Peel Hunt restated a “buy” rating and set a GBX 230 price target on shares of Premier Foods in a research report on Thursday, November 13th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 250.

Premier Foods Stock Performance

LON PFD opened at GBX 178.97 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 25.47. The company has a market capitalization of £1.54 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.44 and a beta of 1.08. Premier Foods has a twelve month low of GBX 165.20 and a twelve month high of GBX 216.50. The stock has a fifty day simple moving average of GBX 173.61 and a 200 day simple moving average of GBX 182.53.

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

About Premier Foods

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.