Premier Foods (LON:PFD) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Premier Foods plc (LON:PFD) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 182.08 ($2.26) and traded as high as GBX 187.60 ($2.33). Premier Foods shares last traded at GBX 187.40 ($2.33), with a volume of 401,687 shares traded.

Analyst Upgrades and Downgrades

PFD has been the subject of several research analyst reports. Shore Capital restated a “house stock” rating on shares of Premier Foods in a report on Tuesday, January 21st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 240 ($2.98) price target on shares of Premier Foods in a research report on Thursday, January 23rd.

Premier Foods Price Performance

The company has a debt-to-equity ratio of 25.46, a quick ratio of 0.41 and a current ratio of 1.14. The company has a 50-day moving average of GBX 186.30 and a 200-day moving average of GBX 182.08. The stock has a market cap of £1.62 billion, a price-to-earnings ratio of 1,441.54, a PEG ratio of 1.44 and a beta of 1.08.

Premier Foods (LON:PFD) last announced its quarterly earnings data on Thursday, November 14th. The company reported GBX 5.30 ($0.07) earnings per share (EPS) for the quarter. Premier Foods had a net margin of 9.89% and a return on equity of 8.23%. As a group, equities research analysts predict that Premier Foods plc will post 13.2607117 earnings per share for the current year.

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.