Peel Hunt Boosts Premier Foods (LON:PFD) Price Target to GBX 90

Premier Foods (LON:PFD) had its price objective upped by Peel Hunt from GBX 80 ($1.02) to GBX 90 ($1.15) in a research report sent to investors on Wednesday, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently commented on PFD. Shore Capital reissued a buy rating on shares of Premier Foods in a research note on Tuesday, May 26th. Jefferies Financial Group raised their price objective on Premier Foods from GBX 63 ($0.80) to GBX 80 ($1.02) and gave the company a buy rating in a research note on Thursday, June 11th.

PFD opened at GBX 67.50 ($0.86) on Wednesday. The stock has a market cap of $590.31 million and a PE ratio of -27.00. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 45.46. Premier Foods has a 52 week low of GBX 17.86 ($0.23) and a 52 week high of GBX 58.90 ($0.75). The business’s fifty day simple moving average is GBX 48.78 and its 200 day simple moving average is GBX 37.80.

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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