Premier Foods' (PFD) "Buy" Rating Reaffirmed at Berenberg Bank

Premier Foods (LON:PFD - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Berenberg Bank in a research note issued on Thursday, Marketbeat reports. They presently have a GBX 240 ($2.95) price target on the stock. Berenberg Bank's target price would suggest a potential upside of 30.29% from the company's previous close.

Separately, Shore Capital reiterated a "house stock" rating on shares of Premier Foods in a research note on Tuesday.

Premier Foods Stock Performance

Shares of LON PFD traded down GBX 1 ($0.01) during midday trading on Thursday, hitting GBX 184.20 ($2.27). 1,287,520 shares of the company's stock were exchanged, compared to its average volume of 5,918,395. Premier Foods has a 12 month low of GBX 133.40 ($1.64) and a 12 month high of GBX 198.40 ($2.44). The company's 50 day moving average price is GBX 186.12 and its 200 day moving average price is GBX 181.07. 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 firm has a market capitalization of £1.59 billion, a PE ratio of 1,416.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08.

Premier Foods (LON:PFD - Get Free Report) last released 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%. As a group, analysts predict that Premier Foods will post 13.2607117 earnings per share 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.