Premier Foods (LON:PFD) Price Target Raised to GBX 250

Premier Foods (LON:PFD) had its price objective lifted by Deutsche Bank Aktiengesellschaft from GBX 240 to GBX 250 in a report issued on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 19.50% from the company’s previous close.

A number of other equities analysts have also weighed in on PFD. Berenberg Bank reiterated a “buy” rating and issued a GBX 280 price target on shares of Premier Foods in a research report on Thursday, January 22nd. Royal Bank Of Canada boosted their price objective on Premier Foods from GBX 210 to GBX 230 and gave the stock a “sector perform” rating in a report on Friday. Shore Capital Group reaffirmed a “house stock” rating on shares of Premier Foods in a research note on Monday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 230 target price on shares of Premier Foods in a report on Friday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 244.

Premier Foods Price Performance

Shares of LON:PFD traded up GBX 5.60 on Friday, reaching GBX 209.20. 2,241,718 shares of the company traded hands, compared to its average volume of 16,685,002. Premier Foods has a fifty-two week low of GBX 165.20 and a fifty-two week high of GBX 216.50. The company’s 50 day moving average is GBX 192.04 and its 200-day moving average is GBX 184.68. The stock has a market capitalization of £1.80 billion, a PE ratio of 14.04, a P/E/G ratio of 1.44 and a beta of 0.61. The company has a debt-to-equity ratio of 24.01, a current ratio of 1.38 and a quick ratio of 0.41.

Premier Foods (LON:PFD) last issued its earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share (EPS) for the quarter. The business had revenue of GBX 117.55 billion for the quarter. Premier Foods had a return on equity of 9.27% and a net margin of 11.49%. As a group, analysts anticipate that Premier Foods will post 13.2607117 earnings per share for the current fiscal year.

Premier Foods Company Profile

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.