Premier Foods (LON:PFD) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Premier Foods plc (LON:PFD) shares passed 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.

Analyst Upgrades and Downgrades

PFD has been the topic of several research reports. Royal Bank Of Canada boosted their price target on shares of Premier Foods from GBX 210 to GBX 230 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Shore Capital Group restated a “house stock” rating on shares of Premier Foods in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Premier Foods from GBX 240 to GBX 250 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 230 price target on shares of Premier Foods in a research report on Friday, May 15th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 244.

Premier Foods Price Performance

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

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 firm had revenue of GBX 117.55 billion during the quarter. Premier Foods had a net margin of 12.17% and a return on equity of 15.61%. As a group, equities analysts forecast that Premier Foods plc will post 13.2607117 EPS for the current year.

Insider Transactions at Premier Foods

In related news, insider Alex Whitehouse sold 9,794 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were 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 company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total transaction of £12,878.32. Over the last ninety days, insiders sold 22,482 shares of company stock valued at $4,563,846. 1.67% of the stock is owned by 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.