Premier Foods (OTCMKTS:PFODF) Shares Up 6.7% – Still a Buy?

Shares of Premier Foods plc (OTCMKTS:PFODF) were up 6.7% on Tuesday . The stock traded as high as $2.56 and last traded at $2.56. Approximately 5,751 shares traded hands during mid-day trading, an increase of 475% from the average daily volume of 1,000 shares. The stock had previously closed at $2.40.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Premier Foods in a research report on Friday, May 15th. One research analyst has 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 an average rating of “Moderate Buy”.

Premier Foods Stock Up 6.7%

The firm’s 50 day simple moving average is $2.42 and its 200 day simple moving average is $2.44.

About Premier Foods

Premier Foods plc is a leading British food manufacturer and supplier of ambient grocery products. Headquartered in St. Albans, England, the company develops, produces and markets a broad portfolio of branded and specialty food products across sweet and savory categories. Premier Foods serves major retailers in the United Kingdom and exports selected brands to markets in Europe, North America and Asia.

The company’s portfolio includes well-known household names such as Bisto gravies and sauces, Oxo stock cubes, Mr Kipling baked goods, Sharwood’s Asian cooking sauces, Branston pickles, Ambrosia custards and rice puddings, Loyd Grossman pasta sauces, and Cadbury cakes.