Premier Foods (LON:PFD) Sets New 1-Year High - What's Next?

Premier Foods plc (LON:PFD - Get Free Report)'s stock price hit a new 52-week high on Friday . The stock traded as high as GBX 208 ($2.79) and last traded at GBX 208 ($2.79), with a volume of 210081 shares changing hands. The stock had previously closed at GBX 200.50 ($2.69).

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PFD. Berenberg Bank reissued a "buy" rating and set a GBX 240 ($3.21) price target on shares of Premier Foods in a research report on Thursday, January 23rd. Shore Capital reiterated a "house stock" rating on shares of Premier Foods in a research report on Tuesday, January 21st.

Premier Foods Stock Performance

The company has a debt-to-equity ratio of 25.47, a current ratio of 1.14 and a quick ratio of 0.41. The firm has a fifty day moving average price of GBX 192.52 and a two-hundred day moving average price of GBX 188.19. The stock has a market capitalization of £1.85 billion, a PE ratio of 16.42, a P/E/G ratio of 1.44 and a beta of 1.08.

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

Insider Transactions at Premier Foods

In other Premier Foods news, insider Tania Howarth acquired 6,906 shares of the business's stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of GBX 184 ($2.46) per share, for a total transaction of £12,707.04 ($17,017.60). Also, insider Alex Whitehouse sold 367,652 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of GBX 177 ($2.37), for a total transaction of £650,744.04 ($871,493.29). 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.