Premier Foods (LON:PFD) Receives New Coverage from Analysts at Peel Hunt

Peel Hunt assumed coverage on shares of Premier Foods (LON:PFD) in a research report report published on Thursday, Stock Target Advisor reports. The firm issued a buy rating and a GBX 50 ($0.65) price target on the stock.

A number of other equities analysts also recently issued reports on the company. Shore Capital reiterated a hold rating on shares of Premier Foods in a research note on Tuesday, November 12th. Jefferies Financial Group reiterated a buy rating and set a GBX 43 ($0.56) price target on shares of Premier Foods in a research note on Tuesday, November 12th.

Shares of PFD traded up GBX 3.20 ($0.04) during trading hours on Thursday, hitting GBX 40.85 ($0.53). The stock had a trading volume of 1,475,789 shares, compared to its average volume of 662,448. The company has a debt-to-equity ratio of 45.46, a current ratio of 0.82 and a quick ratio of 0.46. The firm has a 50 day simple moving average of GBX 33.10 and a 200-day simple moving average of GBX 34.26. The firm has a market capitalization of $345.44 million and a P/E ratio of -16.34. Premier Foods has a 1-year low of GBX 29.45 ($0.38) and a 1-year high of GBX 41.30 ($0.54).

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. It operates through Grocery and Sweet Treats segments. The company offers a portfolio of product categories, including flavourings and seasonings under the Bisto, OXO, and Paxo brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, and Homepride brands; and quick meals, snacks, and soups under the Batchelors and Smash brands.

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