Malcolm Waugh Purchases 5,156 Shares of Premier Foods (LON:PFD) Stock

Premier Foods plc (LON:PFD) insider Malcolm Waugh acquired 5,156 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were acquired at an average price of GBX 193 per share, for a total transaction of £9,951.08.

Premier Foods Stock Performance

Shares of PFD stock opened at GBX 191.30 on Friday. 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 has a 50 day moving average of GBX 201.78 and a two-hundred day moving average of GBX 192.75. Premier Foods plc has a 52 week low of GBX 165.20 and a 52 week high of GBX 211.60. The company has a market cap of £1.65 billion, a P/E ratio of 12.34, a PEG ratio of 1.44 and a beta of 0.60.

Premier Foods (LON:PFD) last posted its earnings results on Thursday, May 14th. The company reported GBX 15.80 EPS for the quarter. The company had revenue of GBX 117.55 billion during the quarter. Premier Foods had a return on equity of 9.74% and a net margin of 11.62%. As a group, analysts anticipate that Premier Foods plc will post 13.2607117 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on PFD. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 230 target price on shares of Premier Foods in a research report on Friday, May 15th. Shore Capital Group reissued a “house stock” rating on shares of Premier Foods in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Premier Foods from GBX 240 to GBX 250 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Royal Bank Of Canada dropped their price objective 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. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Premier Foods presently has an average rating of “Moderate Buy” and an average target price of GBX 242.

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.