Premier Foods (LON:PFD) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Premier Foods (LON:PFD) in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 280 price target on the stock.

Other research analysts have also recently issued reports about the stock. Peel Hunt reiterated a “buy” rating and set a GBX 230 price target on shares of Premier Foods in a research report on Thursday, November 13th. Shore Capital reaffirmed a “house stock” rating on shares of Premier Foods in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 245.

Premier Foods Trading Up 0.9%

LON PFD opened at GBX 182.89 on Thursday. 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 stock’s 50-day simple moving average is GBX 173.77 and its two-hundred day simple moving average is GBX 182.53. Premier Foods has a twelve month low of GBX 165.20 and a twelve month high of GBX 216.50. The company has a market capitalization of £1.58 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 1.44 and a beta of 1.08.

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

Key Premier Foods News

Here are the key news stories impacting Premier Foods this week:

• Positive Sentiment: Company says Christmas trading was strong and it has lifted its full‑year profit outlook — this directly supports earnings expectations and is the primary driver of the stock move. Premier Foods lifts FY profit outlook
• Positive Sentiment: Q3 results beat expectations and management now sees full‑year profit at the top end of prior guidance — underpins upward earnings revisions and lowers near‑term forecast risk. Premier Foods Q3 beats expectations
• Positive Sentiment: Berenberg reaffirmed a “buy” and set a GBX 280 price target — this is materially above the current share price and may attract buyers seeking upside. Berenberg rating (Digital Look)
• Positive Sentiment: Jefferies also reaffirmed a “buy” with a GBX 230 target — another broker endorsement that reinforces bullish sentiment and provides follow‑through demand. Jefferies rating (Digital Look)
• Neutral Sentiment: Shore Capital maintained its “house stock” rating — a neutral/steady endorsement that neither adds major upside nor signals concern. Shore Capital rating (Digital Look)
• Neutral Sentiment: Round‑up market coverage cites Premier Foods among movers in UK market commentary — useful context but not new company‑specific information. UK stock market news (Yahoo)

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.