Premier Foods (LON:PFD) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Premier Foods plc (LON:PFD) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 196.06 and traded as high as GBX 200.40. Premier Foods shares last traded at GBX 197.80, with a volume of 939,359 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 230 price objective on shares of Premier Foods in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Premier Foods from GBX 240 to GBX 250 and gave the company a “buy” rating in a report on Friday, May 15th. Royal Bank Of Canada cut their price target on shares of Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating for the company in a report on Friday, July 17th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research report on Thursday, July 16th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Premier Foods presently has an average rating of “Moderate Buy” and a consensus target price of GBX 242.

Premier Foods Trading Up 0.3%

The firm has a 50-day moving average of GBX 196.48 and a two-hundred day moving average of GBX 196.07. The firm has a market capitalization of £1.69 billion, a P/E ratio of 12.68, a P/E/G ratio of 1.44 and a beta of 0.59. The company has a current ratio of 0.75, a quick ratio of 0.41 and a debt-to-equity ratio of 24.06.

Insider Buying and Selling at Premier Foods

In related news, insider Malcolm Waugh purchased 5,156 shares of Premier Foods stock in a transaction dated Friday, July 17th. The shares were bought at an average cost of GBX 193 per share, for a total transaction of £9,951.08. Insiders own 1.68% of the company’s stock.

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.