Premier Foods plc (LON:PFD) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give Premier Foods a “Moderate Buy” consensus: Four of five analysts recommend buying the stock, while one rates it a hold. The average 12-month price target is GBX 242.
• Recent broker actions were mixed but generally positive: Deutsche Bank raised its target to GBX 250, Jefferies maintained a buy rating at GBX 230, and RBC cut its target to GBX 220 with a sector-perform rating.
• Premier Foods shares opened at GBX 200, up 1.3%, near their 50-day and 200-day moving averages. Insider Malcolm Waugh also purchased 5,156 shares at GBX 193 each.

Premier Foods plc (LON:PFD - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 242.

PFD has been the subject of several research analyst reports. Jefferies Financial Group restated a "buy" rating and issued a GBX 230 price objective on shares of Premier Foods in a research note on Friday, May 15th. Shore Capital Group reiterated a "house stock" rating on shares of Premier Foods in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft boosted their target price on Premier Foods from GBX 240 to GBX 250 and gave the company a "buy" rating in a report on Friday, May 15th. Finally, 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.

Premier Foods Trading Up 1.3%

LON PFD opened at GBX 200 on Friday. The firm's fifty day moving average price is GBX 196.70 and its 200 day moving average price is GBX 195.71. Premier Foods has a 12 month low of GBX 165.20 and a 12 month high of GBX 211.60. The company has a debt-to-equity ratio of 24.06, a current ratio of 0.75 and a quick ratio of 0.41. The company has a market capitalization of £1.72 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 1.44 and a beta of 0.59.

Insider Buying and Selling

In other news, insider Malcolm Waugh acquired 5,156 shares of Premier Foods stock in a transaction on Friday, July 17th. The stock was bought at an average price of GBX 193 per share, for a total transaction of £9,951.08. 1.68% of the stock is currently owned by company insiders.

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.

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