Jefferies Financial Group reaffirmed their buy rating on shares of Premier Foods (LON:PFD) in a research report report published on Friday morning, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued research reports about the stock. Peel Hunt boosted their target price on shares of Premier Foods from GBX 80 ($0.98) to GBX 90 ($1.11) and gave the stock a buy rating in a research note on Wednesday, June 24th. Shore Capital reaffirmed a buy rating on shares of Premier Foods in a research note on Wednesday, June 24th.

PFD stock opened at GBX 71.70 ($0.88) on Friday. The stock has a market capitalization of $590.31 million and a P/E ratio of -28.68. The firm has a 50-day simple moving average of GBX 50.10 and a 200-day simple moving average of GBX 38.22. 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 ($0.22) and a 52 week high of GBX 58.90 ($0.72).

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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