Premier Foods (LON:PFD) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Premier Foods plc (LON:PFD) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 190.97 and traded as high as GBX 207. Premier Foods shares last traded at GBX 206.60, with a volume of 1,382,772 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 230 price target on shares of Premier Foods in a report on Friday, May 15th. Shore Capital Group reissued a “house stock” rating on shares of Premier Foods in a research report on Monday, May 11th. Royal Bank Of Canada boosted their price objective on Premier Foods from GBX 210 to GBX 230 and gave the company a “sector perform” rating in a research note on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Premier Foods from GBX 240 to GBX 250 and gave the stock a “buy” rating in a research note on Friday, May 15th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Premier Foods currently has an average rating of “Moderate Buy” and an average target price of GBX 244.

Premier Foods Stock Down 1.0%

The company has a current ratio of 0.75, a quick ratio of 0.41 and a debt-to-equity ratio of 24.06. The stock’s 50-day moving average is GBX 201.70 and its 200-day moving average is GBX 191.06. The company has a market cap of £1.76 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 1.44 and a beta of 0.60.

Premier Foods (LON:PFD) last issued its earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share (EPS) for the quarter. The business had revenue of GBX 117.55 billion for the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. On average, analysts anticipate that Premier Foods plc will post 13.2607117 earnings per share for the current fiscal year.

Insider Transactions at Premier Foods

In related news, insider Duncan Leggett sold 6,344 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total transaction of £12,878.32. Also, insider Alex Whitehouse sold 9,794 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total value of £19,881.82. Insiders sold a total of 22,482 shares of company stock valued at $4,563,846 over the last ninety days. 1.67% of the stock is currently owned by corporate 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.