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

Premier Foods (LON:PFD)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a report released on Thursday, Marketbeat reports. They presently have a GBX 280 price objective on the stock. Berenberg Bank’s target price would indicate a potential upside of 52.84% from the stock’s previous close.

Several other equities analysts have also commented on PFD. Peel Hunt reaffirmed a “buy” rating and issued a GBX 230 price objective on shares of Premier Foods in a research report on Thursday, November 13th. Shore Capital restated a “house stock” rating on shares of Premier Foods in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 245.

Premier Foods Stock Up 1.1%

Shares of Premier Foods stock opened at GBX 183.20 on Thursday. The company has a debt-to-equity ratio of 25.47, a current ratio of 1.14 and a quick ratio of 0.41. The stock has a market cap of £1.58 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.44 and a beta of 1.08. The firm’s 50-day moving average is GBX 173.61 and its two-hundred day moving average is GBX 182.53. Premier Foods has a 1 year low of GBX 165.20 and a 1 year high of GBX 216.50.

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