Premier Foods Plc 31.6% potential upside indicated by Jefferies

Premier Foods Plc with ticker (LON:PFD) now has a potential upside of 31.6% according to Jefferies.



Jefferies set a target price of 175 GBX for the company, which when compared to the Premier Foods Plc share price of 133 GBX at opening today (31/05/2023) indicates a potential upside of 31.6%. Trading has ranged between 91 (52 week low) and 139 (52 week high) with an average of 1,229,922 shares exchanging hands daily. The market capitalisation at the time of writing is £1,158,270,259.

Premier Foods plc is a United Kingdom-based food business. The Company’s segments include Grocery, Sweet Treats, and International. The Grocery segment primarily sells savory ambient food products. The Sweet Treats segment sells primarily sweet ambient food products. The Company operates in approximately 15 sites across the country. It provides a range of retail, wholesale, food service and other customers with its brands. It operates primarily in the ambient food sector across United Kingdom grocery market. It operates in four key Grocery categories: Flavourings & Seasonings; Quick Meals, Snacks & Soups; Ambient Desserts and Cooking Sauces & Accompaniments. 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 various United Kingdom food retailers, as well as a business-to-business (B2B) business supplying food products and ingredients.