Premier Foods plc (LON:PFD) Given Average Rating of “Moderate Buy” by Brokerages

Premier Foods plc (LON:PFD) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 242.

A number of research firms have weighed in on PFD. Royal Bank Of Canada lowered their price objective on Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating on the stock in a research note on Friday, July 17th. Shore Capital Group reaffirmed a “house stock” rating on shares of Premier Foods in a research report on Thursday, July 16th.

Premier Foods Stock Performance

Shares of PFD stock opened at GBX 192.84 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.75 and a debt-to-equity ratio of 24.06. The stock has a market cap of £1.66 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 1.44 and a beta of 0.59. Premier Foods has a 52-week low of GBX 165.20 and a 52-week high of GBX 211.60. The business has a 50-day simple moving average of GBX 193.66 and a 200-day simple moving average of GBX 195.81.

Insiders Place Their Bets

In other Premier Foods news, insider Malcolm Waugh acquired 5,156 shares of the stock in a transaction on Friday, July 17th. The shares were bought at an average cost of GBX 193 per share, with a total value of £9,951.08. Corporate insiders own 1.68% of the company’s stock.

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.