Premier Foods (LON:PFD) Sets New 52-Week High - Still a Buy?

Premier Foods plc (LON:PFD - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 195 ($2.53) and last traded at GBX 190.80 ($2.48), with a volume of 31179 shares. The stock had previously closed at GBX 191.40 ($2.49).

Wall Street Analyst Weigh In

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

Premier Foods Trading Up 0.4 %

The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.46. The business's 50-day moving average is GBX 180.44 and its two-hundred day moving average is GBX 169.80. The firm has a market cap of £1.66 billion, a P/E ratio of 1,478.46, a P/E/G ratio of 1.44 and a beta of 1.08.

Insider Activity

In other news, insider Tim Elliott acquired 2,500 shares of the company's stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of GBX 178 ($2.31) per share, with a total value of £4,450 ($5,777.72). Corporate insiders own 25.24% of the company's stock.

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.