Premier Foods (LON:PFD) Hits New 1-Year High - Here's Why

Premier Foods plc (LON:PFD - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as GBX 195 ($2.53) and last traded at GBX 188.80 ($2.45), with a volume of 678526 shares. The stock had previously closed at GBX 189.18 ($2.45).

Analysts Set New Price Targets

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

Premier Foods Price Performance

The firm has a market cap of £1.63 billion, a PE ratio of 1,452.31, 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 25.46. The business has a fifty day moving average of GBX 183.65 and a 200-day moving average of GBX 172.55.

Insider Buying and Selling at Premier Foods

In other Premier Foods 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 bought at an average price of GBX 178 ($2.31) per share, with a total value of £4,450 ($5,770.98). Insiders own 25.24% of the company's stock.

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.