Insider Selling: Premier Foods (LON:PFD) Insider Sells 6,344 Shares of Stock

Premier Foods plc (LON:PFD) insider Alex Whitehouse sold 6,344 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total transaction of £12,878.32.

Premier Foods Stock Down 0.3%

Premier Foods stock traded down GBX 0.70 during trading hours on Friday, hitting GBX 204.30. The company had a trading volume of 1,726,437 shares, compared to its average volume of 18,410,918. The firm has a market capitalization of £1.76 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 1.44 and a beta of 0.61. The company has a debt-to-equity ratio of 24.06, a current ratio of 0.75 and a quick ratio of 0.41. The firm’s fifty day moving average is GBX 193.51 and its 200-day moving average is GBX 185.46. Premier Foods plc has a fifty-two week low of GBX 165.20 and a fifty-two week high of GBX 216.50.

Premier Foods (LON:PFD) last released its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.80 earnings per share for the quarter. The firm had revenue of GBX 117.55 billion for the quarter. Premier Foods had a net margin of 12.17% and a return on equity of 15.61%. On average, research analysts forecast that Premier Foods plc will post 13.2607117 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PFD. Deutsche Bank Aktiengesellschaft increased their target price on Premier Foods from GBX 240 to GBX 250 and gave the stock a “buy” rating in a report on Friday, May 15th. Royal Bank Of Canada increased their target price on shares of Premier Foods from GBX 210 to GBX 230 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research report on Monday, May 11th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 230 target price on shares of Premier Foods in a research report on Friday, May 15th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 280 target price on shares of Premier Foods in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Premier Foods has an average rating of “Moderate Buy” and a consensus target price of GBX 244.

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.