Premier Foods (LON:PFD) Receives Buy Rating from Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Premier Foods (LON:PFD – Free Report) in a research report sent to investors on Friday, MarketBeat reports. The brokerage currently has a GBX 230 target price on the stock.

Other equities analysts also recently issued reports about the company. Shore Capital Group reaffirmed a “house stock” rating on shares of Premier Foods in a report on Monday, May 11th. Berenberg Bank restated a “buy” rating and set a GBX 280 price objective on shares of Premier Foods in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 244.

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Premier Foods Stock Up 3.1%

Shares of LON PFD opened at GBX 210 on Friday. The business has a 50-day moving average of GBX 192.41 and a two-hundred day moving average of GBX 184.86. The company has a market capitalization of £1.81 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 1.44 and a beta of 0.61. Premier Foods has a 1 year low of GBX 165.20 and a 1 year high of GBX 216.50. The company has a debt-to-equity ratio of 24.06, a current ratio of 0.75 and a quick ratio of 0.41.

Premier Foods (LON:PFD – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.80 EPS for the quarter. Premier Foods had a return on equity of 15.61% and a net margin of 12.17%.The business had revenue of GBX 117.55 billion for the quarter. On average, analysts forecast that Premier Foods will post 13.2607117 earnings per share for the current fiscal year.

Premier Foods Company Profile

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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.

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