Premier Foods (LON:PFD) Receives Buy Rating from Deutsche Bank Aktiengesellschaft

Premier Foods (LON:PFD)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They presently have a GBX 210 ($2.64) price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 31.25% from the stock’s previous close.

Separately, Shore Capital reissued a “house stock” rating on shares of Premier Foods in a research note on Wednesday, March 6th.

Premier Foods Price Performance

PFD stock opened at GBX 160 ($2.01) on Tuesday. The firm’s 50-day moving average price is GBX 149 and its two-hundred day moving average price is GBX 137.65. Premier Foods has a 12-month low of GBX 111.50 ($1.40) and a 12-month high of GBX 170.80 ($2.15). The stock has a market capitalization of £1.39 billion, a price-to-earnings ratio of 1,454.55, a PEG ratio of 1.44 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 0.41 and a debt-to-equity ratio of 25.73.

Insider Activity

In other Premier Foods news, insider Duncan Leggett sold 25,353 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of GBX 154 ($1.93), for a total transaction of £39,043.62 ($49,043.61). In other Premier Foods news, insider Alex Whitehouse sold 13,107 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of GBX 153 ($1.92), for a total value of £20,053.71 ($25,189.94). Also, insider Duncan Leggett sold 25,353 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of GBX 154 ($1.93), for a total transaction of £39,043.62 ($49,043.61). 25.28% of the stock is owned by corporate insiders.

Premier Foods Company Profile

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.