Premier Foods Plc (PFD) Downgraded by Shore Capital to ” Sell”

Premier Foods Plc (PFD) Downgraded by Shore Capital to ” Sell”

Premier Foods Plc (LON:PFD) was downgraded by research analysts at Shore Capital to a ” sell” rating in a report released on Wednesday.

A number of other research firms have also issued reports on PFD. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 50 ($0.60) target price on shares of Premier Foods Plc in a research note on Friday, November 18th. Jefferies Group lowered Premier Foods Plc to a “hold” rating and reduced their target price for the company from GBX 60 ($0.72) to GBX 50 ($0.60) in a research note on Tuesday, October 25th. Finally, Investec reduced their target price on Premier Foods Plc from GBX 57 ($0.69) to GBX 55 ($0.66) and set a “buy” rating on the stock in a research note on Monday, October 17th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 50 ($0.60).

Shares of Premier Foods Plc (LON:PFD) traded down 10.94% during midday trading on Wednesday, hitting GBX 42.75. The stock had a trading volume of 20,956,450 shares. The stock’s market cap is GBX 353.84 million. The stock has a 50-day moving average price of GBX 45.41 and a 200-day moving average price of GBX 47.79. Premier Foods Plc has a 12-month low of GBX 29.65 and a 12-month high of GBX 62.00.

In related news, insider Alex Whitehouse sold 61,616 shares of the company’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of GBX 44 ($0.53), for a total value of £27,111.04 ($32,707.25).

Premier Foods Plc Company Profile

Premier Foods plc is a food company. The Company is engaged in the manufacture and distribution of branded and own label food and beverage products. The Company’s segments include Grocery, Sweet Treats and International. The Grocery segment primarily sells savory ambient food products. The Sweet Treats segment sells sweet ambient food products.

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