Premier Foods (LON:PFD) Reaches New 1-Year High at $161.80

Premier Foods plc (LON:PFD) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 161.80 ($2.03) and last traded at GBX 159.60 ($2.00), with a volume of 182475 shares trading hands. The stock had previously closed at GBX 159.80 ($2.01).

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PFD. Shore Capital restated a “house stock” rating on shares of Premier Foods in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 210 ($2.64) price objective on shares of Premier Foods in a research report on Tuesday.

Premier Foods Trading Down 1.0 %

The firm has a market capitalization of £1.39 billion, a P/E ratio of 1,470.91, a PEG ratio of 1.44 and a beta of 1.02. The company has a quick ratio of 0.41, a current ratio of 1.02 and a debt-to-equity ratio of 25.73. The business has a 50-day moving average price of GBX 148.60 and a 200-day moving average price of GBX 137.49.

Insider Activity

In related news, insider Colin R. Day purchased 50,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of GBX 154 ($1.93) per share, for a total transaction of £77,000 ($96,721.52). In other Premier Foods news, insider Duncan Leggett sold 25,353 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of GBX 154 ($1.93), for a total value of £39,043.62 ($49,043.61). Also, insider Colin R. Day purchased 50,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was bought at an average price of GBX 154 ($1.93) per share, for a total transaction of £77,000 ($96,721.52). 25.28% of the stock is currently owned by company insiders.

Premier Foods Company Profile

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.