Premier Foods (LON:PFD) Stock Keeps “Buy” Rating at Jefferies Financial Group

Premier Foods (LON:PFD)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a research note issued on Thursday, Digital Look reports. They presently have a GBX 240 price target on the stock. Jefferies Financial Group‘s price objective would indicate a potential upside of 22.32% from the stock’s current price.

Several other research firms have also recently weighed in on PFD. Shore Capital Group reaffirmed a “house stock” rating on shares of Premier Foods in a research report on Thursday, July 16th. Royal Bank Of Canada decreased their target price on Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating for the company in a research report on Friday, July 17th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Premier Foods has a consensus rating of “Moderate Buy” and a consensus target price of GBX 244.

Premier Foods Trading Down 1.9%

Shares of PFD opened at GBX 196.20 on Thursday. The firm’s 50-day moving average price is GBX 196.84 and its 200-day moving average price is GBX 195.89. The firm has a market capitalization of £1.69 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.44 and a beta of 0.59. The company has a current ratio of 0.75, a quick ratio of 0.41 and a debt-to-equity ratio of 24.06. Premier Foods has a 1-year low of GBX 165.20 and a 1-year high of GBX 212.60.

Premier Foods (LON:PFD) last released its quarterly earnings results on Thursday, November 12th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. The company had revenue of £514.50 million during the quarter. Sell-side analysts anticipate that Premier Foods will post 13.26 EPS for the current year.

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.