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

Shares of Premier Foods plc (LON:PFD) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 189.67 and traded as high as GBX 207.20. Premier Foods shares last traded at GBX 206, with a volume of 99,558,898 shares changing hands.

Wall Street Analyst Weigh In

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. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Premier Foods from GBX 240 to GBX 250 and gave the stock a “buy” rating in a research note on Friday, May 15th. Jefferies Financial Group restated a “buy” rating and issued a GBX 230 target price on shares of Premier Foods in a report on Friday, May 15th. Finally, Shore Capital Group restated a “house stock” rating on shares of Premier Foods in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 244.

Premier Foods Trading Up 3.7%

The stock has a fifty day moving average of GBX 200.42 and a 200-day moving average of GBX 189.67. The company has a debt-to-equity ratio of 24.06, a quick ratio of 0.41 and a current ratio of 0.75. The company has a market cap of £1.78 billion, a PE ratio of 13.29, a PEG ratio of 1.44 and a beta of 0.78.

Premier Foods (LON:PFD) last announced its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.80 EPS for the quarter. Premier Foods had a return on equity of 15.61% and a net margin of 12.17%.The company had revenue of GBX 117.55 billion for the quarter. Sell-side analysts anticipate that Premier Foods plc will post 13.2607117 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Alex Whitehouse sold 9,794 shares of the firm’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 firm’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. Insiders have sold 22,482 shares of company stock valued at $4,563,846 over the last three months. 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.