Jefferies Financial Group reissued their buy rating on shares of Premier Foods (LON:PFD – Free Report) in a report released on Thursday,Digital Look reports. Jefferies Financial Group currently has a GBX 240 price target on the stock.
Other equities research analysts have also issued reports about the stock. Shore Capital Group restated a “house stock” rating on shares of Premier Foods in a report on Thursday, July 16th. Royal Bank Of Canada reduced their target price on shares of Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating on the stock in a report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Premier Foods has an average rating of “Moderate Buy” and an average price target of GBX 247.50.
View Our Latest Stock Report on Premier Foods
Premier Foods Stock Performance
LON:PFD opened at GBX 196 on Thursday. The business has a 50 day moving average of GBX 196.82 and a 200 day moving average of GBX 195.98. The company has a market capitalization of £1.69 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.44 and a beta of 0.59. Premier Foods has a 1-year low of GBX 165.20 and a 1-year high of GBX 212.60. The company has a debt-to-equity ratio of 24.46, a current ratio of 0.74 and a quick ratio of 0.41.
Premier Foods (LON:PFD – Get Free Report) last issued its earnings results on Thursday, November 12th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. Premier Foods had a return on equity of 9.76% and a net margin of 11.62%. The business had revenue of £514.50 million during the quarter. On average, sell-side analysts predict that Premier Foods will post 13.26 earnings per share for the current fiscal year.
Top Premier Foods Stories
Here are a few of the latest stories about PFD:
- Positive Sentiment: The company declared its first interim dividend in 19 years, citing strong cash generation. The return to interim distributions may appeal to income-focused investors. Article: Premier Foods sets first interim dividend in 19 years
- Neutral Sentiment: Premier Foods is seeking M&A opportunities. Acquisitions could support growth, but the eventual impact will depend on the targets, price and funding. Article: Premier Foods plc Seeks M&A
- Negative Sentiment: A report said the shares broke below their 200-day moving average, a technical signal that may prompt caution among momentum-focused investors. Article: Premier Foods Share Price Breaks Below 200-Day Moving Average
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.
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