Premier Foods (LON:PFD) Reaches New 12-Month High at $182.00

Shares of Premier Foods plc (LON:PFD) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 182 ($2.39) and last traded at GBX 178.60 ($2.35), with a volume of 13599 shares trading hands. The stock had previously closed at GBX 179 ($2.35).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Premier Foods in a research note on Thursday, July 18th.

Premier Foods Trading Down 0.1 %

The company has a debt-to-equity ratio of 25.46, a quick ratio of 0.41 and a current ratio of 1.14. The stock has a market cap of £1.54 billion, a P/E ratio of 1,376.92, a P/E/G ratio of 1.44 and a beta of 1.08. The company has a 50-day simple moving average of GBX 171.11 and a 200-day simple moving average of GBX 161.20.

Insider Activity

In related news, insider Duncan Leggett sold 5,506 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of GBX 163 ($2.14), for a total transaction of £8,974.78 ($11,801.16). 25.26% of the stock is currently owned by corporate insiders.

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.