Premier Foods (LON:PFD) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of Premier Foods (LON:PFD) in a research report released on Tuesday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a GBX 210 ($2.64) price objective on the stock.

Separately, Shore Capital restated a house stock rating on shares of Premier Foods in a report on Wednesday, March 6th.

Premier Foods Trading Up 1.9 %

LON:PFD opened at GBX 164.80 ($2.07) on Tuesday. The company has a market cap of £1.43 billion, a P/E ratio of 1,470.91, a price-to-earnings-growth ratio of 1.44 and a beta of 1.02. Premier Foods has a twelve month low of GBX 111.50 ($1.40) and a twelve month high of GBX 170.80 ($2.15). The business has a 50 day moving average price of GBX 148.60 and a two-hundred day moving average price of GBX 137.49. The company has a quick ratio of 0.41, a current ratio of 1.02 and a debt-to-equity ratio of 25.73.

Insiders Place Their Bets

In related news, insider Duncan Leggett sold 25,353 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of GBX 154 ($1.93), for a total value of £39,043.62 ($49,043.61). In other news, insider Duncan Leggett sold 25,353 shares of the firm’s stock in a transaction dated 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). Also, insider Colin R. Day purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average price of GBX 154 ($1.93) per share, for a total transaction of £77,000 ($96,721.52). Insiders own 25.28% of the company’s stock.

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. 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.