FTSE 250 movers: Premier upgrade whets appetites

1st Apr 2011 14:51

Investors have an appetite for shares in Premier Foods after Morgan Stanley lifted its rating on the Hovis bread and Branston pickle maker's efforts to tackle its balance sheet issues. It now has an "over-weight" rating on Premier, from "equal-weight" previously. Morgan Stanley has a 40p price target on the company, which trades on less than six times earnings, it notes. Precious metal miners are out of favour today as gold prices fall back. Hochschild, which mines in South America, and Russia-focused Petropavlovsk are unwanted.FTSE 250 - RisersKenmare Resources (KMR) 47.00p +5.98%Premier Foods (PFD) 29.50p +5.62%Lancashire Holdings (LRE) 625.00p +4.60%Bellway (BWY) 727.00p +4.45%Bwin.party Digital Entertainment (BPTY) 201.40p +4.14%Salamander Energy (SMDR) 301.90p +4.10%PZ Cussons (PZC) 339.00p +3.83%Victrex (VCT) 1,396.00p +3.41%London Stock Exchange Group (LSE) 860.00p +3.30%Gartmore Group Ltd. (GRT) 115.80p +3.21%FTSE 250 - FallersHochschild Mining (HOC) 616.50p -4.34%JD Sports Fashion (JD.) 856.50p -3.55%Carpetright (CPR) 660.50p -2.94%Petropavlovsk (POG) 977.00p -2.10%easyJet (EZJ) 333.80p -2.08%Thomas Cook Group (TCG) 167.10p -2.05%CPP Group (CPP) 150.90p -2.01%Heritage Oil (HOIL) 278.40p -2.01%St. Modwen Properties (SMP) 176.30p -1.95%Gem Diamonds Ltd. (DI) (GEMD) 274.70p -1.89%