Premier Foods (LON:PFD) Insider Tim Elliott Acquires 1,000 Shares

Premier Foods plc (LON:PFD) insider Tim Elliott acquired 1,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was purchased at an average cost of GBX 187 per share, with a total value of £1,870.

Premier Foods Stock Performance

LON:PFD opened at GBX 188.08 on Friday. The firm has a 50 day simple moving average of GBX 189.39 and a 200-day simple moving average of GBX 193.44. The company has a debt-to-equity ratio of 25.47, a current ratio of 1.14 and a quick ratio of 0.41. The firm has a market cap of £1.62 billion, a PE ratio of 1,333.90, a P/E/G ratio of 1.44 and a beta of 1.08. Premier Foods plc has a 1-year low of GBX 168.80 and a 1-year high of GBX 216.50.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Premier Foods from GBX 230 to GBX 240 and gave the company a “buy” rating in a report on Thursday, August 21st. Berenberg Bank restated a “buy” rating and issued a GBX 270 target price on shares of Premier Foods in a report on Thursday, August 21st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 255.

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.