Premier Foods (LON:PFD) Stock Passes Above 200-Day Moving Average – Should You Sell?

Premier Foods plc (LON:PFD) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 190.97 and traded as high as GBX 207. Premier Foods shares last traded at GBX 206.60, with a volume of 1,382,772 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PFD shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 230 price target on shares of Premier Foods in a research note on Friday, May 15th. Shore Capital Group restated a “house stock” rating on shares of Premier Foods in a report on Monday, May 11th. Royal Bank Of Canada upped their target price on shares of Premier Foods from GBX 210 to GBX 230 and gave the company a “sector perform” rating in a research report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target 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. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 244.

Premier Foods Price Performance

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 market cap of £1.78 billion, a P/E ratio of 13.33, a PEG ratio of 1.44 and a beta of 0.60. The stock’s 50-day simple moving average is GBX 201.55 and its two-hundred day simple moving average is GBX 190.97.

Premier Foods (LON:PFD) last released its earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share (EPS) for the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. The firm had revenue of GBX 117.55 billion during the quarter. Equities research analysts forecast that Premier Foods plc will post 13.2607117 earnings per share for the current fiscal year.

Insider Transactions at Premier Foods

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