Premier Foods (LON:PFD) Insider Alex Whitehouse Sells 6,344 Shares

Premier Foods plc (LON:PFD) insider Alex Whitehouse sold 6,344 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total transaction of £12,878.32.

Premier Foods Price Performance

PFD traded down GBX 0.70 during midday trading on Friday, hitting GBX 204.30. The company had a trading volume of 1,726,437 shares, compared to its average volume of 18,410,918. The company has a debt-to-equity ratio of 24.06, a quick ratio of 0.41 and a current ratio of 0.75. The company has a market capitalization of £1.76 billion, a PE ratio of 13.71, a P/E/G ratio of 1.44 and a beta of 0.61. Premier Foods plc has a twelve month low of GBX 165.20 and a twelve month high of GBX 216.50. The firm’s 50-day simple moving average is GBX 193.51 and its 200-day simple moving average is GBX 185.46.

Premier Foods (LON:PFD) last posted its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.80 earnings per share for the quarter. The firm had revenue of GBX 117.55 billion during the quarter. Premier Foods had a net margin of 12.17% and a return on equity of 15.61%. Equities research analysts predict that Premier Foods plc will post 13.2607117 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 230 price objective on shares of Premier Foods in a research report on Friday, May 15th. Shore Capital Group reaffirmed a “house stock” rating on shares of Premier Foods in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Premier Foods from GBX 240 to GBX 250 and gave the company a “buy” rating in a research note on Friday, May 15th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 280 target price on shares of Premier Foods in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada raised their target price on shares of Premier Foods from GBX 210 to GBX 230 and gave the company a “sector perform” rating in a research note on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 244.

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.