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

Premier Foods plc (LON:PFD - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 198.40 ($2.55) and last traded at GBX 196.59 ($2.53), with a volume of 253172 shares. The stock had previously closed at GBX 187.80 ($2.42).

Analysts Set New Price Targets

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

Premier Foods Price Performance

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 company has a 50-day moving average price of GBX 185.25 and a 200-day moving average price of GBX 174.37. The firm has a market capitalization of £1.61 billion, a P/E ratio of 1,466.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08.

Insiders Place Their Bets

In related news, insider Tim Elliott purchased 2,500 shares of the stock in a transaction dated Friday, September 13th. The stock was bought at an average cost of GBX 178 ($2.29) per share, with a total value of £4,450 ($5,726.42). Company 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.