Premier Foods (LON:PFD) Shares Pass Above 200 Day Moving Average – Here’s What Happened
by Michael Walen · The Markets DailyPremier Foods plc (LON:PFD – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 188.74 and traded as high as GBX 205.80. Premier Foods shares last traded at GBX 202.20, with a volume of 39,758,184 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price target on Premier Foods from GBX 240 to GBX 250 and gave the stock a “buy” rating in a report on Friday, May 15th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 230 price objective on shares of Premier Foods in a report on Friday, May 15th. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research note on Monday, May 11th. Finally, Royal Bank Of Canada increased their target price on shares of Premier Foods from GBX 210 to GBX 230 and gave the company a “sector perform” rating in a report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 244.
Check Out Our Latest Research Report on PFD
Premier Foods Price Performance
The business has a 50 day moving average price of GBX 199.90 and a two-hundred day moving average price of GBX 189.04. The stock has a market cap of £1.73 billion, a PE ratio of 12.93, a P/E/G ratio of 1.44 and a beta of 0.60. The company has a debt-to-equity ratio of 24.06, a quick ratio of 0.41 and a current ratio of 0.75.
Premier Foods (LON:PFD – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share (EPS) for the quarter. The company had revenue of GBX 117.55 billion during the quarter. Premier Foods had a return on equity of 15.61% and a net margin of 12.17%. Research analysts expect that Premier Foods plc will post 13.2607117 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Premier Foods news, insider Duncan Leggett sold 6,344 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total value of £12,878.32. Also, insider Alex Whitehouse sold 9,794 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total value of £19,881.82. Insiders sold a total of 22,482 shares of company stock valued at $4,563,846 in the last 90 days. Corporate insiders own 1.67% 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.