Premier Foods (LON:PFD) Share Price Passes Above 200-Day Moving Average of $165.11

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 165.11 ($2.21) and traded as high as GBX 182.20 ($2.44). Premier Foods shares last traded at GBX 181.64 ($2.43), with a volume of 625,029 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “house stock” rating on shares of Premier Foods in a research note on Thursday, July 18th.

Premier Foods Stock Up 0.5 %

The stock has a fifty day simple moving average of GBX 175.83 and a two-hundred day simple moving average of GBX 165.11. The firm has a market cap of £1.57 billion, a PE ratio of 1,397.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.46.

Insider Buying and Selling

In other news, insider Tim Elliott purchased 2,500 shares of the stock in a transaction on Friday, September 13th. The shares were acquired at an average price of GBX 178 ($2.38) per share, for a total transaction of £4,450 ($5,958.76). 25.26% of the stock is owned by company 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.