Premier Foods (LON:PFD) Insider Duncan Leggett Sells 6,344 Shares

Premier Foods plc (LON:PFD) insider Duncan Leggett sold 6,344 shares of Premier Foods stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total value of £12,878.32.

Premier Foods Stock Down 0.3%

Shares of Premier Foods stock traded down GBX 0.70 during trading on Friday, hitting GBX 204.30. 1,726,437 shares of the stock traded hands, compared to its average volume of 18,410,918. The company has a fifty day moving average price of GBX 193.51 and a two-hundred day moving average price of GBX 185.46. Premier Foods plc has a twelve month low of GBX 165.20 and a twelve month high of GBX 216.50. The company has a debt-to-equity ratio of 24.06, a quick ratio of 0.41 and a current ratio of 0.75. The stock has a market cap of £1.76 billion, a P/E ratio of 13.71, a PEG ratio of 1.44 and a beta of 0.61.

Premier Foods (LON:PFD) last posted its earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share for the quarter. Premier Foods had a return on equity of 15.61% and a net margin of 12.17%.The firm had revenue of GBX 117.55 billion during the quarter. Equities research analysts predict that Premier Foods plc will post 13.2607117 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PFD. Berenberg Bank restated a “buy” rating and issued a GBX 280 target price on shares of Premier Foods in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft boosted 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 boosted their target price on Premier Foods from GBX 210 to GBX 230 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Shore Capital Group restated a “house stock” rating on shares of Premier Foods in a report on Monday, May 11th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 230 target price on shares of Premier Foods in a report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 244.

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.