Premier Foods’ (PFD) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Premier Foods (LON:PFD) in a research report released on Thursday morning, MarketBeat Ratings reports. The firm currently has a GBX 240 ($2.96) target price on the stock.

Separately, Shore Capital reissued a “house stock” rating on shares of Premier Foods in a research report on Tuesday.

Premier Foods Stock Up 0.2 %

Premier Foods stock opened at GBX 184.60 ($2.28) on Thursday. The company has a debt-to-equity ratio of 25.46, a quick ratio of 0.41 and a current ratio of 1.14. The firm has a 50 day moving average price of GBX 186.12 and a 200 day moving average price of GBX 181.07. Premier Foods has a fifty-two week low of GBX 133.40 ($1.65) and a fifty-two week high of GBX 198.40 ($2.45). The company has a market capitalization of £1.59 billion, a PE ratio of 1,420.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08.

Premier Foods (LON:PFD) last posted its quarterly earnings data on Thursday, November 14th. The company reported GBX 5.30 ($0.07) earnings per share (EPS) for the quarter. Premier Foods had a return on equity of 8.23% and a net margin of 9.89%. Research analysts expect that Premier Foods will post 13.2607117 earnings per share for the current year.

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.