Alex Whitehouse Sells 9,794 Shares of Premier Foods (LON:PFD) Stock

Premier Foods plc (LON:PFD) insider Alex Whitehouse sold 9,794 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total transaction of £19,881.82.

Alex Whitehouse also recently made the following trade(s):

• On Thursday, May 21st, Alex Whitehouse sold 6,344 shares of Premier Foods stock. The stock was sold at an average price of GBX 203, for a total transaction of £12,878.32.

Premier Foods Stock Down 0.3%

Shares of PFD stock traded down GBX 0.70 during mid-day trading on Friday, reaching GBX 204.30. 1,726,437 shares of the company were exchanged, compared to its average volume of 18,410,918. Premier Foods plc has a fifty-two week low of GBX 165.20 and a fifty-two week high of GBX 216.50. The company has a debt-to-equity ratio of 24.06, a quick ratio of 0.41 and a current ratio of 0.75. The company has a market capitalization of £1.76 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.44 and a beta of 0.61. The business’s 50 day simple moving average is GBX 193.51 and its 200 day simple moving average is GBX 185.46.

Premier Foods (LON:PFD) last announced its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.80 earnings per share (EPS) for the quarter. Premier Foods had a return on equity of 15.61% and a net margin of 12.17%.The firm had revenue of GBX 117.55 billion for the quarter. Research analysts predict that Premier Foods plc will post 13.2607117 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PFD. Jefferies Financial Group restated a “buy” rating and set a GBX 230 price objective on shares of Premier Foods in a research note on Friday, May 15th. Royal Bank Of Canada raised their price objective on Premier Foods from GBX 210 to GBX 230 and gave the stock a “sector perform” rating in a research note on Friday, May 15th. Berenberg Bank restated a “buy” rating and set a GBX 280 price objective on shares of Premier Foods in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Premier Foods from GBX 240 to GBX 250 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 244.

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.