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

Premier Foods plc (LON:PFD)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 186.39 and traded as high as GBX 202.40. Premier Foods shares last traded at GBX 201.80, with a volume of 32,546,182 shares traded.

Wall Street Analyst Weigh In

PFD has been the topic of several analyst reports. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft increased their price objective on Premier Foods from GBX 240 to GBX 250 and gave the company a “buy” rating in a research note on Friday, May 15th. Royal Bank Of Canada increased 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, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 230 price objective on shares of Premier Foods in a research note on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 244.

Premier Foods Stock Performance

The firm has a market capitalization of £1.74 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 1.44 and a beta of 0.61. The company has a debt-to-equity ratio of 24.06, a current ratio of 0.75 and a quick ratio of 0.41. The firm has a 50 day moving average price of GBX 195.01 and a 200-day moving average price of GBX 186.39.

Premier Foods (LON:PFD) last posted its earnings results on Thursday, May 14th. The company reported GBX 15.80 EPS for the quarter. The firm had revenue of GBX 117.55 billion for the quarter. Premier Foods had a return on equity of 15.61% and a net margin of 12.17%. As a group, sell-side analysts expect that Premier Foods plc will post 13.2607117 earnings per share for the current fiscal year.

Insider Buying and Selling at Premier Foods

In related news, insider Alex Whitehouse sold 9,794 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total value of £19,881.82. Also, insider Duncan Leggett sold 6,344 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total value of £12,878.32. Insiders sold 22,482 shares of company stock worth $4,563,846 in the last three months. 1.67% 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.