Premier Foods (LON:PFD) Stock Rating Reaffirmed by Shore Capital

Shore Capital reissued their hold rating on shares of Premier Foods (LON:PFD) in a research report released on Friday, August 30th, ThisIsMoney.Co.Uk reports.

Separately, Jefferies Financial Group lifted their target price on Premier Foods from GBX 41 ($0.54) to GBX 43 ($0.56) and gave the stock a buy rating in a report on Monday, May 20th.

PFD traded down GBX 1.75 ($0.02) during midday trading on Friday, hitting GBX 32.25 ($0.42). 898,342 shares of the company were exchanged, compared to its average volume of 662,448. The firm has a market capitalization of $272.98 million and a P/E ratio of -8.06. Premier Foods has a 1-year low of GBX 29.45 ($0.38) and a 1-year high of GBX 43.75 ($0.57). The firm’s 50 day moving average price is GBX 34.07 and its 200-day moving average price is GBX 35.47. The company has a quick ratio of 0.42, a current ratio of 0.78 and a debt-to-equity ratio of 51.69.

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. It operates through Grocery and Sweet Treats segments. The company offers a portfolio of product categories, including flavourings and seasonings under the Bisto, OXO, and Paxo brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, and Homepride brands; and quick meals, snacks, and soups under the Batchelors and Smash brands.

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