Premier Foods (LON:PFD) Hits New 12-Month High – Still a Buy?

Premier Foods plc (LON:PFD) shares hit a new 52-week high on Monday . The stock traded as high as GBX 195 ($2.53) and last traded at GBX 188.80 ($2.45), with a volume of 678526 shares traded. The stock had previously closed at GBX 189.18 ($2.45).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Premier Foods in a research report on Thursday, July 18th.

Premier Foods Price Performance

The stock has a market capitalization of £1.63 billion, a PE ratio of 1,456.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The stock’s 50 day moving average is GBX 183.41 and its two-hundred day moving average is GBX 172.26. The company has a debt-to-equity ratio of 25.46, a quick ratio of 0.41 and a current ratio of 1.14.

Insiders Place Their Bets

In other news, insider Tim Elliott purchased 2,500 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of GBX 178 ($2.31) per share, for a total transaction of £4,450 ($5,770.98). Corporate insiders own 25.24% of the company’s stock.

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.