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

Premier Foods plc (LON:PFD) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 185.17 ($2.39) and traded as high as GBX 191.20 ($2.47). Premier Foods shares last traded at GBX 184.40 ($2.38), with a volume of 424,984 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Shore Capital reiterated a “house stock” rating on shares of Premier Foods in a report on Tuesday, January 21st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 240 ($3.10) price target on shares of Premier Foods in a research note on Thursday, January 23rd.

Premier Foods Stock Down 0.2 %

The stock has a market capitalization of £1.59 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 1.44 and a beta of 1.08. The company has a debt-to-equity ratio of 25.47, a quick ratio of 0.41 and a current ratio of 1.14. The business has a 50-day moving average of GBX 183.69 and a 200-day moving average of GBX 185.17.

Insiders Place Their Bets

In other news, insider Alex Whitehouse sold 367,652 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of GBX 177 ($2.29), for a total value of £650,744.04 ($840,863.21). Also, insider Tania Howarth purchased 6,906 shares of Premier Foods stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average cost of GBX 184 ($2.38) per share, for a total transaction of £12,707.04 ($16,419.49). 25.24% of the stock is owned by corporate 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.