Premier Foods (OTCMKTS:PRRFY) Hits New 52-Week High – Still a Buy?

Shares of Premier Foods plc (OTCMKTS:PRRFY) hit a new 52-week high on Monday . The stock traded as high as $12.85 and last traded at $12.85, with a volume of 4 shares trading hands. The stock had previously closed at $12.85.

Analysts Set New Price Targets

Separately, Barclays raised shares of Premier Foods to a “strong-buy” rating in a research note on Thursday, October 10th.

Premier Foods Stock Performance

The firm has a fifty day moving average price of $12.21 and a 200-day moving average price of $11.20. The company has a current ratio of 1.14, a quick ratio of 0.78 and a debt-to-equity ratio of 0.25.

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.