Insider Selling: Premier Foods (LON:PFD) Insider Sells 473,186 Shares of Stock

Premier Foods plc (LON:PFD) insider Alex Whitehouse sold 473,186 shares of Premier Foods stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of GBX 186, for a total value of £880,125.96.

Premier Foods Trading Down 0.2%

Shares of PFD stock traded down GBX 0.40 during mid-day trading on Wednesday, reaching GBX 188.40. The company’s stock had a trading volume of 2,591,255 shares, compared to its average volume of 2,666,857. The company’s 50 day simple moving average is GBX 174.63 and its 200-day simple moving average is GBX 182.23. The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 25.47. Premier Foods plc has a 12-month low of GBX 165.20 and a 12-month high of GBX 216.50. The firm has a market capitalization of £1.62 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08.

Premier Foods (LON:PFD) last released its quarterly earnings data on Thursday, November 13th. The company reported GBX 5.40 EPS for the quarter. Premier Foods had a return on equity of 8.49% and a net margin of 9.89%. On average, research analysts predict that Premier Foods plc will post 13.2607117 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PFD has been the topic of a number of recent analyst reports. Shore Capital reaffirmed a “house stock” rating on shares of Premier Foods in a research report on Wednesday, January 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 230 target price on shares of Premier Foods in a report on Thursday, January 22nd. Peel Hunt restated a “buy” rating and set a GBX 230 price objective on shares of Premier Foods in a research note on Thursday, November 13th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 280 price objective on shares of Premier Foods in a report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Premier Foods has a consensus rating of “Buy” and a consensus price target of GBX 245.

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.