Insider Buying: Premier Foods (LON:PFD) Insider Acquires 1,000 Shares of Stock

Key Points

• Insider Tim Elliott purchased 1,000 shares of Premier Foods stock at an average price of GBX 187, totaling £1,870.
• Premier Foods' stock price increased by 0.6% on the day of the transaction, trading at GBX 188.08.
• Analysts have a consensus "Buy" rating for the stock, with target prices ranging from GBX 240 to GBX 270.

Premier Foods plc (LON:PFD - Get Free Report) insider Tim Elliott acquired 1,000 shares of Premier Foods stock in a transaction dated Thursday, September 18th. The stock was purchased at an average price of GBX 187 per share, with a total value of £1,870.

Premier Foods Stock Performance

PFD stock traded up GBX 3.34 during trading on Monday, hitting GBX 191.60. 3,535,581 shares of the company traded hands, compared to its average volume of 2,477,671. The stock's 50-day simple moving average is GBX 189.30 and its 200 day simple moving average is GBX 193.75. 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 company has a market cap of £1.65 billion, a PE ratio of 1,358.87, a P/E/G ratio of 1.44 and a beta of 1.08. Premier Foods plc has a 1 year low of GBX 168.80 and a 1 year high of GBX 216.50.

Analyst Upgrades and Downgrades

PFD has been the topic of a number of research analyst reports. Shore Capital reaffirmed a "house stock" rating on shares of Premier Foods in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their price target on Premier Foods from GBX 230 to GBX 240 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 270 price target on shares of Premier Foods in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Premier Foods presently has an average rating of "Buy" and an average target price of GBX 255.

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.