Premier Foods (OTCMKTS:PFODF) Stock Price Up 13.8% – Here’s What Happened

Premier Foods plc (OTCMKTS:PFODF) shares rose 13.8% on Thursday . The company traded as high as $2.55 and last traded at $2.55. Approximately 766 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 3,333 shares. The stock had previously closed at $2.24.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Premier Foods in a research note on Friday, August 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Premier Foods Stock Performance

The business has a 50-day moving average of $2.45 and a 200 day moving average of $2.63.

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.