Jefferies analyst Andrew Wade maintained a Buy rating on Premier Foods today and set a price target of p230.00.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Andrew Wade’s rating is based on Premier Foods’ strategic investments aimed at enhancing growth and efficiency. During a recent visit to the company’s Devon creamery, the high level of automation was evident, showcasing the company’s commitment to increasing capacity and operational efficiency.
Additionally, the recent acquisition of Merchant Gourmet is expected to positively impact the company’s financial performance, as reflected in the slight increase in the projected profit before tax for FY27. These factors, combined with ongoing capital investments, suggest a promising outlook for Premier Foods, justifying the Buy rating.