Premier Foods (LON:PFD) Insider Malcolm Waugh Acquires 5,156 Shares

Premier Foods plc (LON:PFD) insider Malcolm Waugh purchased 5,156 shares of the firm’s stock in a transaction on Friday, July 17th. The stock was bought at an average price of GBX 193 per share, with a total value of £9,951.08.

Premier Foods Trading Down 1.2%

Shares of Premier Foods stock opened at GBX 191.30 on Friday. Premier Foods plc has a 12-month low of GBX 165.20 and a 12-month high of GBX 211.60. The stock has a market cap of £1.65 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.44 and a beta of 0.60. 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 business’s 50 day moving average is GBX 201.78 and its 200-day moving average is GBX 192.75.

Premier Foods (LON:PFD) last issued its earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share for the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. The business had revenue of GBX 117.55 billion for the quarter. Equities research analysts predict that Premier Foods plc will post 13.2607117 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PFD. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 230 target price on shares of Premier Foods in a report on Friday, May 15th. Shore Capital Group reissued a “house stock” rating on shares of Premier Foods in a research report on Thursday. Royal Bank Of Canada dropped their price objective on Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Premier Foods from GBX 240 to GBX 250 and gave the company a “buy” rating in a research report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 242.

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.