Premier Foods (LON:PFD) Shares Cross Above 200-Day Moving Average of $136.57

Premier Foods plc (LON:PFD) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 136.57 ($1.69) and traded as high as GBX 159.80 ($1.97). Premier Foods shares last traded at GBX 159.80 ($1.97), with a volume of 570,132 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Premier Foods in a report on Wednesday, March 6th.

Premier Foods Price Performance

The stock’s fifty day moving average is GBX 147.75 and its 200-day moving average is GBX 136.57. The company has a debt-to-equity ratio of 25.73, a current ratio of 1.02 and a quick ratio of 0.41. The stock has a market cap of £1.39 billion, a PE ratio of 1,452.73, a price-to-earnings-growth ratio of 1.44 and a beta of 1.02.

Insider Buying and Selling at Premier Foods

In other Premier Foods news, insider Duncan Leggett sold 25,353 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of GBX 154 ($1.90), for a total value of £39,043.62 ($48,225.82). In related news, insider Colin R. Day bought 50,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of GBX 154 ($1.90) per share, with a total value of £77,000 ($95,108.70). Also, insider Duncan Leggett sold 25,353 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of GBX 154 ($1.90), for a total transaction of £39,043.62 ($48,225.82). 25.28% of the stock is currently owned by corporate insiders.

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.