Premier Foods (LON:PFD) Stock Crosses Above 200 Day Moving Average – Here’s Why

Premier Foods plc (LON:PFD) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 183.95 ($2.32) and traded as high as GBX 191 ($2.41). Premier Foods shares last traded at GBX 182.80 ($2.31), with a volume of 1,956,002 shares.

Analyst Ratings Changes

A number of brokerages have recently commented on PFD. Shore Capital reiterated a “house stock” rating on shares of Premier Foods in a research note on Tuesday, January 21st. Berenberg Bank reiterated a “buy” rating and issued a GBX 240 ($3.03) target price on shares of Premier Foods in a research report on Thursday, January 23rd.

Premier Foods Stock Performance

The company’s 50-day simple moving average is GBX 185.55 and its 200-day simple moving average is GBX 183.95. The stock has a market capitalization of £1.57 billion, a price-to-earnings ratio of 13.95, a PEG 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.

Insider Buying and Selling

In related news, insider Alex Whitehouse bought 1,884 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were purchased at an average cost of GBX 185 ($2.33) per share, with a total value of £3,485.40 ($4,398.54). 25.24% of the stock is currently 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.