Premier Foods (LON:PFD) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Premier Foods plc (LON:PFD)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 182.70 and traded as high as GBX 200.18. Premier Foods shares last traded at GBX 199.20, with a volume of 557,169 shares changing hands.

Wall Street Analysts Forecast Growth

PFD has been the subject of several recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 280 target price on shares of Premier Foods in a research report on Thursday, January 22nd. Jefferies Financial Group restated a “buy” rating and set a GBX 230 price objective on shares of Premier Foods in a research report on Thursday, January 22nd. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a report on Wednesday, January 21st. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 230 price target on shares of Premier Foods in a research report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 245.

Premier Foods Trading Up 0.2%

The company has a 50 day moving average of GBX 182.44 and a 200 day moving average of GBX 182.70. The firm has a market cap of £1.72 billion, a P/E ratio of 13.39, a PEG 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 Buying and Selling at Premier Foods

In other news, insider Alex Whitehouse sold 473,186 shares of the firm’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of GBX 186, for a total transaction of £880,125.96. Also, insider Duncan Leggett acquired 3,751 shares of Premier Foods stock in a transaction that occurred on Monday, February 2nd. The stock was acquired at an average cost of GBX 85 per share, with a total value of £3,188.35. Corporate insiders own 1.67% 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.