Zacks Investment Research upgraded shares of Premier Foods (OTCMKTS:PRRFY) from a hold rating to a buy rating in a research note released on Saturday. Zacks Investment Research currently has $3.00 target price on the stock.
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. “
Shares of Premier Foods (PRRFY) traded up $0.03 during mid-day trading on Friday, hitting $2.76. The company had a trading volume of 1,400 shares, compared to its average volume of 1,350. Premier Foods has a 52-week low of $2.29 and a 52-week high of $3.00. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.76 and a quick ratio of 0.38.
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