Premier Foods (LON:PFD) Reaches New 1-Year High - Here's What Happened

Premier Foods plc (LON:PFD - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 208 ($2.78) and last traded at GBX 208 ($2.78), with a volume of 210081 shares. The stock had previously closed at GBX 200.50 ($2.68).

Analysts Set New Price Targets

PFD has been the subject of several recent research reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 240 ($3.21) price target on shares of Premier Foods in a research report on Thursday, January 23rd. Shore Capital reissued a "house stock" rating on shares of Premier Foods in a research report on Tuesday, January 21st.

Premier Foods Stock Down 0.2%

The firm has a market cap of £1.82 billion, a PE ratio of 16.20, a PEG ratio of 1.44 and a beta of 1.08. The business's 50 day moving average price is GBX 191.79 and its 200 day moving average price is GBX 188.01. The company has a debt-to-equity ratio of 25.47, a current ratio of 1.14 and a quick ratio of 0.41.

Premier Foods (LON:PFD - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported GBX 14.50 ($0.19) earnings per share (EPS) for the quarter. Premier Foods had a net margin of 9.89% and a return on equity of 8.49%. On average, equities research analysts expect that Premier Foods plc will post 13.2607117 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Tania Howarth purchased 6,906 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average cost of GBX 184 ($2.46) per share, with a total value of £12,707.04 ($16,972.14). Also, insider Alex Whitehouse sold 367,652 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of GBX 177 ($2.36), for a total value of £650,744.04 ($869,165.27). Insiders own 25.24% of the company's stock.

About Premier Foods

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.