Insider Selling: Premier Foods (LON:PFD) Insider Sells 9,794 Shares of Stock

Premier Foods plc (LON:PFD) insider Alex Whitehouse sold 9,794 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 transaction of £19,881.82.

Alex Whitehouse also recently made the following trade(s):

• On Thursday, May 21st, Alex Whitehouse sold 6,344 shares of Premier Foods stock. The shares were sold at an average price of GBX 203, for a total transaction of £12,878.32.

Premier Foods Stock Performance

Shares of LON PFD traded down GBX 0.70 during midday trading on Friday, reaching GBX 204.30. 1,726,437 shares of the company traded hands, compared to its average volume of 18,410,918. Premier Foods plc has a 52 week low of GBX 165.20 and a 52 week high of GBX 216.50. The stock has a 50-day moving average price of GBX 193.51 and a 200 day moving average price of GBX 185.46. 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 company has a market cap of £1.76 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.44 and a beta of 0.61.

Premier Foods (LON:PFD) last issued its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.80 earnings per share for the quarter. Premier Foods had a net margin of 12.17% and a return on equity of 15.61%. The business had revenue of GBX 117.55 billion for the quarter. Sell-side analysts anticipate that Premier Foods plc will post 13.2607117 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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