Premier Foods (LON:PFD) Price Target Raised to GBX 175

Premier Foods (LON:PFD – Get Rating) had its target price raised by Jefferies Financial Group from GBX 140 ($1.74) to GBX 175 ($2.18) in a research note released on Tuesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Separately, Shore Capital reaffirmed a house stock rating on shares of Premier Foods in a report on Tuesday, March 7th.

Premier Foods Stock Performance

Shares of PFD opened at GBX 134.40 ($1.67) on Tuesday. The stock has a 50 day moving average price of GBX 124.36 and a 200 day moving average price of GBX 116.02. The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 24.09. The company has a market capitalization of £1.17 billion, a price-to-earnings ratio of 1,344.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. Premier Foods has a 52-week low of GBX 90.70 ($1.13) and a 52-week high of GBX 138.80 ($1.73).

Premier Foods Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 28th. Shareholders of record on Thursday, June 29th will be paid a GBX 1.44 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a yield of 1.11%. This is a boost from Premier Foods’s previous dividend of $1.20. Premier Foods’s payout ratio is currently 1,000.00%.

Insider Buying and Selling at Premier Foods

In other Premier Foods news, insider Duncan Leggett sold 6,921 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of GBX 134 ($1.67), for a total value of £9,274.14 ($11,535.00). 25.05% of the stock is owned by company insiders.

About Premier Foods

(Get Rating)

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, 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.