Premier Foods (LON:PFD) Hits New 52-Week High at $186.44

Shares of Premier Foods plc (LON:PFD) reached a new 52-week high on Friday . The stock traded as high as GBX 186.44 ($2.50) and last traded at GBX 185.80 ($2.49), with a volume of 589337 shares traded. The stock had previously closed at GBX 184.40 ($2.47).

Analysts Set New Price Targets

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

Premier Foods Trading Up 0.8 %

The business has a 50-day moving average of GBX 176.58 and a 200-day moving average of GBX 165.86. The stock has a market capitalization of £1.60 billion, a price-to-earnings ratio of 1,429.23, a PEG ratio of 1.44 and a beta of 1.08. The company has a debt-to-equity ratio of 25.46, a quick ratio of 0.41 and a current ratio of 1.14.

Insider Activity at Premier Foods

In related news, insider Tim Elliott purchased 2,500 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of GBX 178 ($2.38) per share, with a total value of £4,450 ($5,958.76). 25.26% of the stock is owned by 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.