Premier Foods (LON:PFD) Given “Buy” Rating at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Premier Foods (LON:PFD) in a report released on Thursday morning, MarketBeat reports. They currently have a GBX 240 ($2.96) price objective on the stock.

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

Premier Foods Price Performance

Shares of PFD opened at GBX 184.60 ($2.28) on Thursday. The firm has a fifty day moving average price of GBX 186.12 and a 200 day moving average price of GBX 181.07. The stock has a market cap 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 has a 1-year low of GBX 133.40 ($1.65) and a 1-year high of GBX 198.40 ($2.45). The company has a debt-to-equity ratio of 25.46, a current ratio of 1.14 and a quick ratio of 0.41.

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 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 anticipate that Premier Foods will post 13.2607117 EPS 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.