Shore Capital Group Reiterates “House Stock” Rating for Premier Foods (LON:PFD)

Premier Foods (LON:PFD)‘s stock had its “house stock” rating reissued by Shore Capital Group in a research report issued on Thursday, MarketBeat reports.

PFD has been the topic of several other reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Premier Foods from GBX 240 to GBX 250 and gave the company a “buy” rating in a research report on Friday, May 15th. Royal Bank Of Canada lifted their target price on shares of Premier Foods from GBX 210 to GBX 230 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 230 price target on shares of Premier Foods in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 242.

Premier Foods Stock Down 1.2%

PFD stock opened at GBX 191.30 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.41 and a debt-to-equity ratio of 24.06. The firm has a market capitalization of £1.65 billion, a PE ratio of 12.34, a PEG ratio of 1.44 and a beta of 0.60. Premier Foods has a 1-year low of GBX 165.20 and a 1-year high of GBX 211.60. The business’s 50 day simple moving average is GBX 201.78 and its 200 day simple moving average is GBX 192.75.

Premier Foods (LON:PFD) last announced its quarterly earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share (EPS) for the quarter. Premier Foods had a return on equity of 9.74% and a net margin of 11.62%.The business had revenue of GBX 117.55 billion during the quarter. As a group, research 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 Alex Whitehouse sold 9,794 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 value of £19,881.82. Also, insider Malcolm Waugh acquired 5,156 shares of the firm’s stock in a transaction on Friday, July 17th. The stock was purchased at an average cost of GBX 193 per share, for a total transaction of £9,951.08. Insiders sold 22,482 shares of company stock worth $4,563,846 in 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.