Premier Foods (LON:PFD) Price Target Raised to GBX 230

Premier Foods (LON:PFD) had its price target increased by stock analysts at Royal Bank Of Canada from GBX 210 to GBX 230 in a report released on Friday,London Stock Exchange reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 9.94% from the company’s previous close.

Several other research firms have also recently issued reports on PFD. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 230 price objective on shares of Premier Foods in a research report on Friday. Shore Capital Group restated a “house stock” rating on shares of Premier Foods in a research report on Monday. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 280 price target on shares of Premier Foods in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Premier Foods presently has an average rating of “Moderate Buy” and a consensus price target of GBX 244.

Premier Foods Stock Performance

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

Premier Foods (LON:PFD) last posted its quarterly earnings results on Thursday, May 14th. The company reported GBX 15.80 EPS for the quarter. Premier Foods had a return on equity of 9.27% and a net margin of 11.49%.The business had revenue of GBX 117.55 billion during the quarter. On average, research analysts expect that Premier Foods will post 13.2607117 EPS for the current 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.