Insider Buying: Premier Foods (LON:PFD) Insider Buys £9,951.08 in Stock

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

Premier Foods Price Performance

PFD opened at GBX 191.30 on Monday. The business’s fifty day simple moving average is GBX 201.78 and its 200-day simple moving average is GBX 192.89. Premier Foods plc has a 12-month low of GBX 165.20 and a 12-month high of GBX 211.60. The company has a current ratio of 0.75, a quick ratio of 0.41 and a debt-to-equity ratio of 24.06. The company has a market capitalization of £1.65 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 1.44 and a beta of 0.60.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 230 price objective on shares of Premier Foods in a report on Friday, May 15th. Royal Bank Of Canada dropped their target price 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. Deutsche Bank Aktiengesellschaft upped their target price 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, Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.