Premier Foods (LON:PFD) Sets New 52-Week High – Should You Buy?

Premier Foods plc (LON:PFD) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 186.20 ($2.44) and last traded at GBX 184 ($2.41), with a volume of 1388428 shares traded. The stock had previously closed at GBX 182.60 ($2.39).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Premier Foods in a research note on Thursday, July 18th.

Premier Foods Price Performance

The stock has a market cap of £1.59 billion, a PE ratio of 1,415.38, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.46. The business has a 50-day moving average price of GBX 178.08 and a 200-day moving average price of GBX 167.88.

Insider Activity

In other news, insider Tim Elliott acquired 2,500 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were bought at an average price of GBX 178 ($2.33) per share, for a total transaction of £4,450 ($5,823.85). Insiders own 25.24% of the company’s stock.

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.