Premier Foods (LON:PFD) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Premier Foods plc (LON:PFD)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 187.51 ($2.50) and traded as high as GBX 199.80 ($2.66). Premier Foods shares last traded at GBX 198.97 ($2.65), with a volume of 1,055,804 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PFD shares. Berenberg Bank reissued a “buy” rating and issued a GBX 240 ($3.19) price target on shares of Premier Foods in a report on Thursday, January 23rd. Shore Capital reissued a “house stock” rating on shares of Premier Foods in a report on Tuesday, January 21st.

Premier Foods Trading Down 0.4%

The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.47. The business’s fifty day simple moving average is GBX 189.27 and its two-hundred day simple moving average is GBX 187.51. The stock has a market capitalization of £1.70 billion, a P/E ratio of 15.13, a P/E/G ratio of 1.44 and a beta of 1.08.

Insider Transactions at Premier Foods

In other Premier Foods news, insider Tania Howarth acquired 6,906 shares of Premier Foods stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of GBX 184 ($2.45) per share, with a total value of £12,707.04 ($16,911.15). Also, insider Alex Whitehouse sold 367,652 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of GBX 177 ($2.36), for a total transaction of £650,744.04 ($866,042.11). 25.24% of the stock is owned by insiders.

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.