Shore Capital Reaffirms House Stock Rating for Premier Foods (LON:PFD)

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

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

Premier Foods Stock Up 5.8%

PFD stock traded up GBX 9.77 during trading on Wednesday, reaching GBX 178.97. The stock had a trading volume of 73,548,242 shares, compared to its average volume of 7,106,486. Premier Foods has a one year low of GBX 165.20 and a one year high of GBX 216.50. The company’s 50 day moving average is GBX 173.50 and its two-hundred day moving average is GBX 182.55. The company has a market capitalization of £1.54 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 1.44 and a beta of 1.08. The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 25.47.

Premier Foods (LON:PFD) last released its earnings results on Thursday, November 13th. The company reported GBX 5.40 earnings per share for the quarter. Premier Foods had a net margin of 9.89% and a return on equity of 8.49%. Equities research analysts forecast 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.