Premier Foods (OTCMKTS:PRRFY) Stock Rating Lowered by Royal Bank of Canada

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

Premier Foods Stock Performance

PRRFY stock traded down $1.30 during midday trading on Tuesday, reaching $13.55. 374 shares of the company's stock traded hands, compared to its average volume of 911. The company has a 50-day simple moving average of $13.12 and a two-hundred day simple moving average of $12.30. The company has a current ratio of 1.19, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. Premier Foods has a 1-year low of $9.66 and a 1-year high of $14.85.

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.