Premier Foods (LON:PFD) Hits New 12-Month High at $41.90
Premier Foods Plc (LON:PFD) shares reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 41.90 ($0.55) and last traded at GBX 41.20 ($0.54), with a volume of 2403125 shares trading hands. The stock had previously closed at GBX 39.60 ($0.52).
PFD has been the topic of several research analyst reports. Jefferies Financial Group increased their price objective on Premier Foods from GBX 43 ($0.57) to GBX 52 ($0.68) and gave the stock a “buy” rating in a research note on Friday, November 22nd. Peel Hunt reissued a “buy” rating and issued a GBX 50 ($0.66) price objective on shares of Premier Foods in a research note on Wednesday, January 8th. Shore Capital reissued a “hold” rating on shares of Premier Foods in a research note on Tuesday, November 12th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 50 ($0.66) price objective on shares of Premier Foods in a research note on Wednesday, January 8th.
The business has a fifty day simple moving average of GBX 38.43 and a two-hundred day simple moving average of GBX 35.14. The company has a debt-to-equity ratio of 45.46, a current ratio of 0.82 and a quick ratio of 0.46. The company has a market cap of $348.83 million and a PE ratio of -16.48.
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. It operates through Grocery and Sweet Treats segments. The company offers a portfolio of product categories, including flavourings and seasonings under the Bisto, OXO, and Paxo brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, and Homepride brands; and quick meals, snacks, and soups under the Batchelors and Smash brands.
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