Premier Foods (LON:PFD) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Premier Foods plc (LON:PFD) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 188.74 and traded as high as GBX 205.80. Premier Foods shares last traded at GBX 202.20, with a volume of 39,758,184 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PFD. Royal Bank Of Canada raised their price target on shares of Premier Foods from GBX 210 to GBX 230 and gave the company a “sector perform” rating in a research note 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 244.

Premier Foods Trading Down 0.4%

The firm has a market cap of £1.74 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth 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’s fifty day moving average is GBX 199.39 and its 200-day moving average is GBX 188.74.

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. The business had revenue of GBX 117.55 billion for the quarter. Premier Foods had a net margin of 12.17% and a return on equity of 15.61%. Equities analysts anticipate that Premier Foods plc will post 13.2607117 earnings per share for the current year.

Insider Buying and Selling at Premier Foods

In related news, insider Alex Whitehouse sold 9,794 shares of the business’s stock in a transaction on 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 business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total transaction of £12,878.32. In the last 90 days, insiders sold 22,482 shares of company stock worth $4,563,846. 1.67% of the stock is owned by company 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.