Premier Foods Plc 20.1% potential upside indicated by Peel Hunt Limited

Premier Foods Plc with ticker (LON:PFD) now has a potential upside of 20.1% according to Peel Hunt Limited.



Peel Hunt Limited set a target price of 145 GBX for the company, which when compared to the Premier Foods Plc share price of 116 GBX at opening today (13/04/2022) indicates a potential upside of 20.1%. Trading has ranged between 93 (52 week low) and 128 (52 week high) with an average of 1,442,889 shares exchanging hands daily. The market capitalisation at the time of writing is £1,029,613,572.

Premier Foods plc is a United Kingdom-based food company. The Company operates primarily in the ambient food sector across the United Kingdom grocery market. The Company operates in four grocery categories, Flavourings & Seasonings; Quick Meals, Snacks & Soups; Ambient Desserts and Cooking Sauces & Accompaniments; as well as within sweet treats it operates in the Ambient Cakes category. In addition, the Company has a portfolio of other branded food products and a non-branded food business which manufactures products, such as cakes and desserts, on behalf of many of the United Kingdom’s food retailers. The Company operates through three segments: Grocery, Sweet Treats, and International. The Grocery segment primarily sells savoury ambient food products, and the Sweet Treats segment sells sweet ambient food products.