Premier Foods (LON:PFD) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Premier Foods plc (LON:PFD)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 187.51 ($2.50) and traded as high as GBX 199.80 ($2.66). Premier Foods shares last traded at GBX 198.97 ($2.65), with a volume of 1,055,804 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on PFD. Berenberg Bank reiterated a “buy” rating and issued a GBX 240 ($3.19) price objective on shares of Premier Foods in a research note on Thursday, January 23rd. Shore Capital reiterated a “house stock” rating on shares of Premier Foods in a research note on Tuesday, January 21st.

Premier Foods Trading Down 0.4%

The company’s 50 day moving average price is GBX 189.27 and its 200 day moving average price is GBX 187.51. The company has a market cap of £1.70 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The company has a debt-to-equity ratio of 25.47, a quick ratio of 0.41 and a current ratio of 1.14.

Insider Transactions at Premier Foods

In other news, insider Alex Whitehouse sold 367,652 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of GBX 177 ($2.36), for a total transaction of £650,744.04 ($866,042.11). Also, insider Tania Howarth purchased 6,906 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were acquired at an average price of GBX 184 ($2.45) per share, for a total transaction of £12,707.04 ($16,911.15). 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.