Premier Foods (LON:PFD) Hits New 52-Week High - Here's What Happened

Premier Foods plc (LON:PFD - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as GBX 202.65 ($2.70) and last traded at GBX 202.65 ($2.70), with a volume of 107522 shares trading hands. The stock had previously closed at GBX 201.50 ($2.68).

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Berenberg Bank restated a "buy" rating and set a GBX 240 ($3.19) price target on shares of Premier Foods in a research note 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 Price Performance

The firm has a market cap of £1.75 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.44 and a beta of 1.08. The business's 50-day moving average is GBX 188.90 and its 200-day moving average is GBX 187.50. The company has a debt-to-equity ratio of 25.47, a quick ratio of 0.41 and a current ratio of 1.14.

Insider Activity

In other news, insider Alex Whitehouse sold 367,652 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of GBX 177 ($2.35), for a total transaction of £650,744.04 ($865,696.47). Also, insider Tania Howarth purchased 6,906 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average cost of GBX 184 ($2.45) per share, with a total value of £12,707.04 ($16,904.40). 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.