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

Premier Foods plc (LON:PFD)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 183.48 ($2.31) and traded as high as GBX 191.80 ($2.41). Premier Foods shares last traded at GBX 189.80 ($2.39), with a volume of 730,185 shares traded.

Analysts Set New Price Targets

A number of research firms recently issued reports on PFD. Shore Capital restated a “house stock” rating on shares of Premier Foods in a research note on Tuesday, January 21st. Berenberg Bank restated a “buy” rating and set a GBX 240 ($3.02) price target on shares of Premier Foods in a research note on Thursday, January 23rd.

Premier Foods Stock Down 0.4 %

The business has a 50 day moving average of GBX 185.97 and a 200-day moving average of GBX 183.48. The stock has a market cap of £1.63 billion, a PE ratio of 14.54, a P/E/G 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 25.47.

Premier Foods (LON:PFD) last announced its earnings results on Thursday, November 14th. The company reported GBX 5.30 ($0.07) earnings per share for the quarter. Premier Foods had a return on equity of 8.49% and a net margin of 9.89%. Equities research analysts predict that Premier Foods plc will post 13.2607117 EPS for the current fiscal year.

Insider Buying and Selling at Premier Foods

In other Premier Foods news, insider Alex Whitehouse purchased 1,884 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average cost of GBX 185 ($2.33) per share, for a total transaction of £3,485.40 ($4,386.91). Company insiders own 25.24% of the company’s stock.

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.