Premier Foods (LON:PFD) Given New GBX 220 Price Target at Royal Bank Of Canada

Premier Foods (LON:PFD) had its price target cut by Royal Bank Of Canada from GBX 230 to GBX 220 in a research note published on Friday,Digital Look reports. They currently have a sector perform rating on the stock.

Several other research analysts also recently commented on PFD. Deutsche Bank Aktiengesellschaft raised their price objective on Premier Foods from GBX 240 to GBX 250 and gave the stock a “buy” rating in a report on Friday, May 15th. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a report on Thursday. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 230 price target on shares of Premier Foods in a research report on Friday, May 15th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Premier Foods presently has an average rating of “Moderate Buy” and an average target price of GBX 242.

Premier Foods Price Performance

Shares of PFD stock opened at GBX 191.30 on Friday. The company has a market capitalization of £1.65 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.44 and a beta of 0.60. The company’s 50-day simple moving average is GBX 201.78 and its two-hundred day simple moving average is GBX 192.75. Premier Foods has a one year low of GBX 165.20 and a one year high of GBX 211.60. The company has a debt-to-equity ratio of 24.06, a current ratio of 0.75 and a quick ratio of 0.41.

Premier Foods (LON:PFD) last posted its quarterly earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share for the quarter. The firm had revenue of GBX 117.55 billion during the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. As a group, equities analysts anticipate that Premier Foods will post 13.2607117 EPS for the current year.

Insider Activity at Premier Foods

In other Premier Foods news, insider Duncan Leggett sold 6,344 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total transaction of £12,878.32. Also, insider Malcolm Waugh bought 5,156 shares of the company’s stock in a transaction on Friday, July 17th. The shares were bought at an average cost of GBX 193 per share, for a total transaction of £9,951.08. Insiders have sold a total of 22,482 shares of company stock valued at $4,563,846 over the last ninety days. 1.68% of the stock is owned by company insiders.

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.