Berenberg Bank Reiterates “Buy” Rating for Premier Foods (LON:PFD)

Premier Foods (LON:PFD)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a report issued on Thursday,Digital Look reports. They presently have a GBX 240 ($2.95) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 29.90% from the stock’s current price.

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

Premier Foods Stock Down 0.2 %

PFD stock opened at GBX 184.75 ($2.27) on Thursday. The stock has a 50-day simple moving average of GBX 186.12 and a two-hundred day simple moving average of GBX 181.07. Premier Foods has a twelve month low of GBX 133.40 ($1.64) and a twelve month high of GBX 198.40 ($2.44). The firm has a market capitalization of £1.59 billion, a PE ratio of 1,421.17, a PEG ratio of 1.44 and a beta of 1.08. The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 25.46.

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

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.