Premier Foods’ (PFD) Buy Rating Reiterated at Berenberg Bank

Premier Foods (LON:PFD)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 270 price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 43.46% from the company’s previous close.

Premier Foods Price Performance

Shares of LON PFD opened at GBX 188.20 on Thursday. The stock has a fifty day simple moving average of GBX 193.87 and a two-hundred day simple moving average of GBX 193.30. Premier Foods has a 1-year low of GBX 167 and a 1-year high of GBX 216.50. The firm has a market cap of £1.62 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.47.

Insider Buying and Selling at Premier Foods

In other news, insider Duncan Leggett acquired 6,613 shares of Premier Foods stock in a transaction on Friday, May 30th. The stock was acquired at an average cost of GBX 209 per share, with a total value of £13,821.17. Also, insider Alex Whitehouse sold 9,595 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of GBX 209, for a total value of £20,053.55. Over the last three months, insiders have acquired 25,588 shares of company stock valued at $5,347,892. 25.24% of the stock is owned by corporate insiders.

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.