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

by · The Markets Daily

Shares of Premier Foods plc (LON:PFD – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 189.67 and traded as high as GBX 207.20. Premier Foods shares last traded at GBX 206, with a volume of 99,558,898 shares.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research report on Monday, May 11th. Royal Bank Of Canada raised their target price on shares of Premier Foods from GBX 210 to GBX 230 and gave the company a “sector perform” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Premier Foods from GBX 240 to GBX 250 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 230 price target on shares of Premier Foods in a research note on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 244.

Get Our Latest Stock Report on Premier Foods

Premier Foods Stock Performance

The stock has a market cap of £1.78 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 1.44 and a beta of 0.60. The stock’s fifty day moving average is GBX 200.83 and its 200-day moving average is GBX 189.97. The company has a quick ratio of 0.41, a current ratio of 0.75 and a debt-to-equity ratio of 24.06.

Premier Foods (LON:PFD – Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share for the quarter. The company had revenue of GBX 117.55 billion for the quarter. Premier Foods had a net margin of 12.17% and a return on equity of 15.61%. On average, analysts forecast that Premier Foods plc will post 13.2607117 EPS for the current year.

Insider Transactions at Premier Foods

In related news, insider Duncan Leggett sold 6,344 shares of the business’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 £12,878.32. Also, insider Alex Whitehouse sold 9,794 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total value of £19,881.82. In the last ninety days, insiders have sold 22,482 shares of company stock worth $4,563,846. 1.67% of the stock is currently owned by insiders.

About Premier Foods

(Get Free Report)

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.

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