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

Berenberg Bank reaffirmed their buy rating on shares of Premier Foods (LON:PFD) in a research note published on Thursday, MarketBeat reports. The firm currently has a GBX 240 ($3.00) price objective on the stock.

Separately, Shore Capital reissued a “house stock” rating on shares of Premier Foods in a research report on Tuesday, January 21st.

Premier Foods Trading Down 0.3 %

LON PFD opened at GBX 183.60 ($2.29) on Thursday. The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 25.46. The company has a market cap of £1.58 billion, a price-to-earnings ratio of 1,412.31, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. Premier Foods has a twelve month low of GBX 133.40 ($1.67) and a twelve month high of GBX 198.40 ($2.48). The business’s fifty day moving average is GBX 186.13 and its 200 day moving average is GBX 181.25.

Premier Foods (LON:PFD) last issued 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%. As a group, sell-side analysts expect that Premier Foods will post 13.2607117 EPS for the current fiscal 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.