Premier Foods (PFD) Receives Hold Rating from Jefferies Group

Premier Foods (LON:PFD)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group in a research report issued on Thursday, November 16th, MarketBeat.com reports. They presently have a GBX 43 ($0.58) price objective on the stock. Jefferies Group’s price target indicates a potential upside of 2.38% from the company’s previous close.

Several other research firms also recently issued reports on PFD. Credit Suisse Group restated a “neutral” rating and set a GBX 43 ($0.58) price objective on shares of Premier Foods in a report on Thursday, July 20th. Shore Capital restated a “hold” rating on shares of Premier Foods in a report on Wednesday, November 15th.

Premier Foods (PFD) traded up GBX 0.50 ($0.01) during mid-day trading on Thursday, reaching GBX 42 ($0.57). The company’s stock had a trading volume of 178,858 shares, compared to its average volume of 770,951. Premier Foods has a 52 week low of GBX 36.50 ($0.49) and a 52 week high of GBX 49 ($0.66).

In other news, insider Andrew McDonald sold 38,115 shares of Premier Foods stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of GBX 40 ($0.54), for a total value of £15,246 ($20,519.52).

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About Premier Foods

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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