Royal Bank of Canada Downgrades Premier Foods (OTCMKTS:PRRFY) to Hold

Premier Foods (OTCMKTS:PRRFY - Get Free Report) was downgraded by equities research analysts at Royal Bank of Canada from a "moderate buy" rating to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.

Premier Foods Stock Down 8.8%

Shares of PRRFY traded down $1.30 on Tuesday, reaching $13.55. The stock had a trading volume of 374 shares, compared to its average volume of 911. The company has a current ratio of 1.19, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. The company has a 50-day simple moving average of $13.15 and a 200-day simple moving average of $12.31. Premier Foods has a 12-month low of $9.66 and a 12-month high of $14.85.

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.