Premier Foods’ (PFD) “Hold” Rating Reaffirmed at Shore Capital

Shore Capital reiterated their hold rating on shares of Premier Foods (LON:PFD) in a report released on Wednesday, ThisIsMoney.Co.Uk reports.

Separately, Jefferies Financial Group lowered their price objective on shares of Albemarle from $114.00 to $90.00 and set a buy rating on the stock in a research report on Monday, May 20th. They noted that the move was a valuation call.

Shares of PFD opened at GBX 37.50 ($0.49) on Wednesday. The company’s 50 day moving average is GBX 35.23. Premier Foods has a 52 week low of GBX 29.45 ($0.38) and a 52 week high of GBX 46.50 ($0.61). The stock has a market capitalization of $317.17 million and a P/E ratio of -9.38. The company has a debt-to-equity ratio of 51.69, a current ratio of 0.78 and a quick ratio of 0.42.

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.

See Also: 52-Week High/Low

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