Key Points
- Insider sale: Premier Foods insider Duncan Leggett sold 6,344 shares on May 21 at an average price of GBX 203, totaling about £12,878.
- Stock and valuation: Premier Foods shares last traded around GBX 204.30, near the 52-week high of GBX 216.50, with a market cap of £1.76 billion and a P/E ratio of 13.71.
- Analyst sentiment: Analysts remain mostly upbeat, with four Buy ratings and one Hold, and a consensus target price of GBX 244; Deutsche Bank and Jefferies both maintained Buy ratings with targets raised or reaffirmed.
Premier Foods plc (LON:PFD - Get Free Report) insider Duncan Leggett sold 6,344 shares of the business's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total value of £12,878.32.
Premier Foods Price Performance
Premier Foods stock opened at GBX 204.30 on Friday. Premier Foods plc has a 52 week low of GBX 165.20 and a 52 week high of GBX 216.50. The business has a 50-day simple moving average of GBX 193.82 and a 200 day simple moving average of GBX 185.59. 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 £1.76 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.44 and a beta of 0.61.
Premier Foods (LON:PFD - Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported GBX 15.80 EPS for the quarter. Premier Foods had a return on equity of 15.61% and a net margin of 12.17%.The business had revenue of GBX 117.55 billion during the quarter. On average, research analysts forecast that Premier Foods plc will post 13.2607117 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Premier Foods from GBX 240 to GBX 250 and gave the stock a "buy" rating in a research report on Friday, May 15th. Jefferies Financial Group restated a "buy" rating and set a GBX 230 target price on shares of Premier Foods in a research report on Friday, May 15th. Royal Bank Of Canada boosted their target price on Premier Foods from GBX 210 to GBX 230 and gave the stock a "sector perform" rating in a research report on Friday, May 15th. Finally, Shore Capital Group restated a "house stock" rating on shares of Premier Foods in a research report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Premier Foods has an average rating of "Moderate Buy" and a consensus price target of GBX 244.
Check Out Our Latest Research Report on PFD
Premier Foods Company Profile
(
Get Free Report)
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.
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