Premier Foods (LON:PFD) Given “House Stock” Rating at Shore Capital

Shore Capital reissued their house stock rating on shares of Premier Foods (LON:PFD) in a research note released on Thursday, MarketBeat.com reports.

Separately, Deutsche Bank Aktiengesellschaft restated a buy rating and set a GBX 210 ($2.72) price target on shares of Premier Foods in a report on Tuesday, April 30th.

Premier Foods Stock Up 1.2 %

Premier Foods stock opened at GBX 172 ($2.23) on Thursday. The company has a market capitalization of £1.49 billion, a P/E ratio of 1,323.08, a P/E/G ratio of 1.44 and a beta of 1.01. The firm’s fifty day simple moving average is GBX 167.54 and its 200-day simple moving average is GBX 153.61. The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.46. Premier Foods has a 1-year low of GBX 111.50 ($1.45) and a 1-year high of GBX 180.20 ($2.34).

Premier Foods Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 26th. Investors of record on Thursday, June 27th will be paid a GBX 1.73 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, June 27th. This is a positive change from Premier Foods’s previous dividend of $1.44. This represents a yield of 1.02%. Premier Foods’s dividend payout ratio (DPR) is presently 1,538.46%.

Insider Activity at Premier Foods

In related news, insider Duncan Leggett sold 5,506 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of GBX 163 ($2.11), for a total value of £8,974.78 ($11,638.93). 25.17% of the stock is currently owned by company insiders.

Premier Foods Company Profile

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.