Premier Foods (LON:PFD) Sets New 12-Month High – Here’s Why

Premier Foods plc (LON:PFD) shares reached a new 52-week high on Thursday. The stock traded as high as GBX 212.60 and last traded at GBX 210.84, with a volume of 182,410 shares. The stock had previously closed at GBX 209.20.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Royal Bank Of Canada decreased their target price on shares of Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating on the stock in a report on Friday, July 17th. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research report on Thursday, July 16th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 242.

Premier Foods Stock Performance

The company has a quick ratio of 0.41, a current ratio of 0.75 and a debt-to-equity ratio of 24.06. The stock has a market cap of £1.80 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 1.44 and a beta of 0.59. The company has a 50 day simple moving average of GBX 196.33 and a 200 day simple moving average of GBX 195.23.

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.