Premier Foods plc (LON:PFD – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 161.80 ($2.03) and last traded at GBX 159.60 ($2.00), with a volume of 182475 shares trading hands. The stock had previously closed at GBX 159.80 ($2.01).
Analysts Set New Price Targets
Several research analysts have weighed in on PFD shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 210 ($2.64) price target on shares of Premier Foods in a research report on Tuesday. Shore Capital reaffirmed a “house stock” rating on shares of Premier Foods in a research report on Wednesday, March 6th.
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Premier Foods Price Performance
Insiders Place Their Bets
In other Premier Foods news, insider Alex Whitehouse sold 13,107 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of GBX 153 ($1.92), for a total transaction of £20,053.71 ($25,189.94). In other news, insider Duncan Leggett sold 25,353 shares of Premier Foods stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of GBX 154 ($1.93), for a total transaction of £39,043.62 ($49,043.61). Also, insider Alex Whitehouse sold 13,107 shares of Premier Foods stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of GBX 153 ($1.92), for a total value of £20,053.71 ($25,189.94). Insiders own 25.28% of the company’s stock.
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.
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