Princes Group’s (PRN) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Princes Group (LON:PRNFree Report) in a research note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 625 price objective on the stock.

Princes Group Stock Performance

LON PRN opened at GBX 330 on Monday. The stock’s 50 day simple moving average is GBX 322.36. Princes Group has a one year low of GBX 294.50 and a one year high of GBX 498. The company has a market cap of £807.52 million and a price-to-earnings ratio of 8.92.

Princes Group (LON:PRNGet Free Report) last issued its quarterly earnings data on Tuesday, September 15th. The company reported GBX 0.11 earnings per share (EPS) for the quarter.

Princes Group Company Profile

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Princes Group is a long-established British food and drink company that manufactures, markets and distributes a broad range of ambient food and beverage products. The company is known for producing shelf-stable goods including canned and tinned products, tomato-based items, cooking sauces, edible oils and a variety of beverages. It supplies both branded and private-label products to retail, wholesale and foodservice customers.

Operations focus on end-to-end manufacturing and supply chain capabilities, from ingredient sourcing and production to packing and distribution.

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