Premier Foods' (PFD) "House Stock" Rating Reiterated at Shore Capital

Key Points

• Shore Capital has reaffirmed its "house stock" rating for Premier Foods (LON:PFD), indicating continued confidence in the company's performance.
• Deutsche Bank and Berenberg Bank have both issued "buy" ratings on the stock, with revised price targets of GBX 240 and GBX 270, respectively, contributing to an average target of GBX 255.
• Insider Tim Elliott recently purchased 1,000 shares of the company, suggesting confidence from within management regarding the stock's potential.

Premier Foods (LON:PFD - Get Free Report)'s stock had its "house stock" rating reissued by analysts at Shore Capital in a research note issued on Friday, Marketbeat.com reports.

Several other brokerages have also recently issued reports on PFD. Deutsche Bank Aktiengesellschaft increased their price target on shares of Premier Foods from GBX 230 to GBX 240 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Berenberg Bank reissued a "buy" rating and set a GBX 270 price target on shares of Premier Foods in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of GBX 255.

Premier Foods Stock Down 0.3%

Shares of PFD traded down GBX 0.60 during mid-day trading on Friday, hitting GBX 191. 664,836 shares of the company's stock were exchanged, compared to its average volume of 2,467,819. The company has a market cap of £1.65 billion, a price-to-earnings ratio of 1,354.61, a P/E/G ratio of 1.44 and a beta of 1.08. Premier Foods has a fifty-two week low of GBX 168.80 and a fifty-two week high of GBX 216.50. The company has a debt-to-equity ratio of 25.47, a quick ratio of 0.41 and a current ratio of 1.14. The stock's 50-day moving average is GBX 189.30 and its 200-day moving average is GBX 193.75.

Insider Buying and Selling

In related news, insider Tim Elliott purchased 1,000 shares of the company's stock in a transaction on Thursday, September 18th. The shares were bought at an average cost of GBX 187 per share, for a total transaction of £1,870. 1.62% of the stock is owned by corporate insiders.

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.