Premier Foods (LON:PFD) Shares Cross Above 200-Day Moving Average – Time to Sell?

Premier Foods plc (LON:PFD) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 192.22 and traded as high as GBX 200.64. Premier Foods shares last traded at GBX 200, with a volume of 747,183 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PFD. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Premier Foods from GBX 240 to GBX 250 and gave the company a “buy” rating in a research report on Friday, May 15th. Shore Capital Group reaffirmed a “house stock” rating on shares of Premier Foods in a research note on Monday, May 11th. Royal Bank Of Canada lifted their price target on shares of Premier Foods from GBX 210 to GBX 230 and gave the company a “sector perform” rating in a report on Friday, May 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 230 price target on shares of Premier Foods in a research note on Friday, May 15th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 244.

Premier Foods Stock Up 0.2%

The firm has a market capitalization of £1.72 billion, a PE ratio of 12.90, a PEG ratio of 1.44 and a beta of 0.60. The company has a fifty day moving average price of GBX 202.11 and a 200-day moving average price of GBX 192.22. The company has a debt-to-equity ratio of 24.06, a quick ratio of 0.41 and a current ratio of 0.75.

Premier Foods (LON:PFD) last posted its earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share 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. As a group, analysts expect that Premier Foods plc will post 13.2607117 earnings per share for the current year.

Insider Buying and Selling at Premier Foods

In other news, insider Duncan Leggett sold 6,344 shares of the business’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 £12,878.32. Also, insider Alex Whitehouse sold 9,794 shares of the business’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 £19,881.82. Insiders have sold 22,482 shares of company stock valued at $4,563,846 in the last quarter. 1.68% 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.