Insider Selling: Premier Foods plc (LON:PFD) Insider Sells £8,974.78 in Stock

Premier Foods plc (LON:PFDGet Free Report) insider Duncan Leggett sold 5,506 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of GBX 163 ($2.08), for a total value of £8,974.78 ($11,428.47).

Premier Foods Price Performance

Premier Foods stock opened at GBX 163.40 ($2.08) on Friday. Premier Foods plc has a 12 month low of GBX 111.50 ($1.42) and a 12 month high of GBX 180.20 ($2.29). The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.46. The business’s 50 day simple moving average is GBX 162.43 and its 200 day simple moving average is GBX 147.86. The company has a market cap of £1.42 billion, a price-to-earnings ratio of 1,256.92, a PEG ratio of 1.44 and a beta of 1.01.

Premier Foods Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 26th. Investors of record on Thursday, June 27th will be paid a GBX 1.73 ($0.02) dividend. This is an increase from Premier Foods’s previous dividend of $1.44. The ex-dividend date of this dividend is Thursday, June 27th. This represents a yield of 1.02%. Premier Foods’s dividend payout ratio is presently 1,538.46%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Shore Capital restated a “house stock” rating on shares of Premier Foods in a research note on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 210 ($2.67) price objective on shares of Premier Foods in a research note on Tuesday, April 30th.

Check Out Our Latest Stock Report on Premier Foods

Premier Foods Company Profile

(Get Free Report)

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.

Further Reading

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