Zacks Investment Research Downgrades Premier Foods (PRRFY) to Hold

Zacks Investment Research cut shares of Premier Foods (OTCMKTS:PRRFY) from a buy rating to a hold rating in a research note published on Friday, January 5th.

According to Zacks, “Premier Foods plc, along with its subsidiaries, is engaged in the manufacturing, processing, and distribution of food and beverage products in the United Kingdom and other European countries. The Company operates in three divisions: Grocery, Hovis and Chilled. Grocery division is comprised of cakes, soups, vegetables, stocks, gravies, spreads, desserts. Hovis segment is comprised of wrapped bread, morning goods, and frozen part-baked products. The chilled segment is comprised of chilled and frozen meat-free products and chilled ready meal. The top brands offered by the company include: Hovis, Mr. Kipling, Quorn, Sharwoods, Cadbury, Bisto, Branston, Ambrosia, Loyd Grossman and Batchelors. Premier Foods plc is headquartered in St Albans, the United Kingdom. “

Premier Foods (OTCMKTS PRRFY) opened at $2.73 on Friday. Premier Foods has a 1-year low of $2.29 and a 1-year high of $3.00. The company has a quick ratio of 0.38, a current ratio of 0.76 and a debt-to-equity ratio of 0.67.

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