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

Premier Foods plc (LON:PFD) insider Duncan Leggett sold 6,344 shares of the company’s stock in a transaction on 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 Performance

Shares of LON PFD traded down GBX 0.70 during trading hours on Friday, reaching GBX 204.30. The stock had a trading volume of 1,726,437 shares, compared to its average volume of 18,410,918. The business’s fifty day moving average is GBX 193.51 and its two-hundred day moving average is 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 plc has a twelve month low of GBX 165.20 and a twelve month high of GBX 216.50.

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

Wall Street Analysts Forecast Growth

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