Insider Buying: Premier Foods (LON:PFD) Insider Purchases £3,188.35 in Stock

Premier Foods plc (LON:PFD) insider Duncan Leggett bought 3,751 shares of the stock in a transaction on Monday, February 2nd. The stock was acquired at an average price of GBX 85 per share, with a total value of £3,188.35.

Premier Foods Stock Up 1.3%

Premier Foods stock opened at GBX 193.40 on Friday. The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 25.47. Premier Foods plc has a 12-month low of GBX 165.20 and a 12-month high of GBX 216.50. The firm’s fifty day moving average is GBX 176.66 and its 200 day moving average is GBX 182.31. The company has a market capitalization of £1.67 billion, a PE ratio of 12.98, a PEG ratio of 1.44 and a beta of 1.08.

Premier Foods (LON:PFD) last posted its quarterly earnings results on Thursday, November 13th. The company reported GBX 5.40 earnings per share for the quarter. Premier Foods had a net margin of 9.89% and a return on equity of 8.49%. As a group, sell-side analysts predict that Premier Foods plc will post 13.2607117 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PFD shares. Jefferies Financial Group restated a “buy” rating and set a GBX 230 price objective on shares of Premier Foods in a report on Thursday, January 22nd. Berenberg Bank restated a “buy” rating and set a GBX 280 price target on shares of Premier Foods in a research note on Thursday, January 22nd. Peel Hunt restated a “buy” rating and set a GBX 230 price objective on shares of Premier Foods in a report on Thursday, November 13th. Finally, Shore Capital reiterated a “house stock” rating on shares of Premier Foods in a report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 245.

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.