Premier Foods (LON:PFD) Reaches New 1-Year High - Should You Buy?

Premier Foods plc (LON:PFD - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 199.20 ($2.64) and last traded at GBX 198.22 ($2.63), with a volume of 132836 shares. The stock had previously closed at GBX 196.80 ($2.61).

Wall Street Analyst Weigh In

Several brokerages have weighed in on PFD. Shore Capital reissued a "house stock" rating on shares of Premier Foods in a research report on Tuesday, January 21st. Berenberg Bank reiterated a "buy" rating and set a GBX 240 ($3.18) price objective on shares of Premier Foods in a research report on Thursday, January 23rd.

Premier Foods Trading Up 0.8 %

The business has a fifty day moving average price of GBX 186.64 and a two-hundred day moving average price of GBX 186.96. The firm has a market capitalization of £1.74 billion, a PE ratio of 15.43, a PEG ratio of 1.44 and a beta of 1.08. The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.47.

Insider Buying and Selling at Premier Foods

In related news, insider Tania Howarth acquired 6,906 shares of the company's stock in a transaction dated Monday, March 17th. The shares were bought at an average price of GBX 184 ($2.44) per share, for a total transaction of £12,707.04 ($16,857.31). 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 ($2.35), for a total value of £650,744.04 ($863,284.74). 25.24% of the stock is currently owned by corporate insiders.

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.