Premier Foods (LON:PFD) Reaches New 1-Year High – What’s Next?

Premier Foods plc (LON:PFD) shares reached a new 52-week high on Thursday. The stock traded as high as GBX 212.60 and last traded at GBX 210.84, with a volume of 182,410 shares changing hands. The stock had previously closed at GBX 209.20.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PFD shares. Royal Bank Of Canada dropped their target price on Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating on the stock in a research report on Friday, July 17th. Shore Capital Group reaffirmed a “house stock” rating on shares of Premier Foods in a research note on Thursday, July 16th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 242.

Premier Foods Stock Down 3.4%

The company has a current ratio of 0.75, a quick ratio of 0.41 and a debt-to-equity ratio of 24.06. The firm has a 50 day moving average price of GBX 196.61 and a 200-day moving average price of GBX 195.59. The firm has a market cap of £1.75 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 1.44 and a beta of 0.59.

Premier Foods Company Profile

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.