Premier Foods (LON:PFD) Sets New 1-Year High – Time to Buy?

Premier Foods plc (LON:PFD)’s stock price reached a new 52-week high on Thursday . The stock traded as high as GBX 198.40 ($2.50) and last traded at GBX 196.59 ($2.48), with a volume of 253172 shares trading hands. The stock had previously closed at GBX 187.80 ($2.37).

Premier Foods Stock Performance

The firm’s 50 day moving average price is GBX 185.43 and its two-hundred day moving average price is GBX 174.64. The firm has a market cap of £1.56 billion, a PE ratio of 1,387.69, a PEG ratio of 1.44 and a beta of 1.08. The company has a debt-to-equity ratio of 25.46, a quick ratio of 0.41 and a current ratio of 1.14.

Insider Buying and Selling

In related news, insider Tim Elliott acquired 2,500 shares of Premier Foods stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average cost of GBX 178 ($2.24) per share, for a total transaction of £4,450 ($5,608.07). 25.24% of the stock is currently owned by company insiders.

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.