Premier Foods (LON:PFD) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Key Points

• Deutsche Bank Aktiengesellschaft has raised its price target for Premier Foods from GBX 230 to GBX 240, indicating a potential upside of 27.52%.
• Berenberg Bank also reaffirmed a "buy" rating for Premier Foods with a price target of GBX 270, contributing to a consensus "Buy" rating and an average target price of GBX 255.
• Notably, insiders sold a total of 15,698 shares of the stock recently at an average price of GBX 209, amidst ongoing insider purchases totaling 25,588 shares valued at $5,347,892 over the last three months.

Premier Foods (LON:PFD - Get Free Report) had its target price boosted by Deutsche Bank Aktiengesellschaft from GBX 230 to GBX 240 in a report issued on Thursday, Marketbeat reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 24.48% from the company's current price.

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 270 target price on shares of Premier Foods in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of GBX 255.

Premier Foods Trading Up 0.3%

PFD traded up GBX 0.60 during trading on Thursday, hitting GBX 192.80. The company's stock had a trading volume of 887,072 shares, compared to its average volume of 2,441,896. 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 firm's 50 day moving average price is GBX 193.29 and its 200-day moving average price is GBX 193.35. The stock has a market cap of £1.66 billion, a PE ratio of 14.77, a PEG ratio of 1.44 and a beta of 1.08. Premier Foods has a twelve month low of GBX 168.80 and a twelve month high of GBX 216.50.

Insider Activity at Premier Foods

In other Premier Foods news, insider Duncan Leggett bought 6,613 shares of the company's stock in a transaction dated Friday, May 30th. The shares were purchased at an average price of GBX 209 per share, for a total transaction of £13,821.17. Also, insider Alex Whitehouse sold 9,595 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of GBX 209, for a total value of £20,053.55. Insiders bought 25,588 shares of company stock worth $5,347,892 in the last 90 days. Company insiders own 25.24% 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.