Premier Foods (LON:PFD) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened
by Scott Moore · The Cerbat GemShares of Premier Foods plc (LON:PFD – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 182.83 and traded as low as GBX 178.20. Premier Foods shares last traded at GBX 181, with a volume of 18,662,639 shares changing hands.
Analyst Ratings Changes
PFD has been the topic of several recent research reports. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research report on Wednesday, January 21st. Berenberg Bank restated a “buy” rating and set a GBX 280 target price on shares of Premier Foods in a report on Thursday, January 22nd. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 230 target price on shares of Premier Foods in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Premier Foods presently has an average rating of “Buy” and an average price target of GBX 245.
Check Out Our Latest Stock Analysis on Premier Foods
Premier Foods Stock Down 1.0%
The company has a debt-to-equity ratio of 24.01, a current ratio of 1.38 and a quick ratio of 0.41. The firm has a 50-day simple moving average of GBX 189.82 and a two-hundred day simple moving average of GBX 182.80. The company has a market cap of £1.55 billion, a PE ratio of 12.11, a P/E/G ratio of 1.44 and a beta of 0.59.
Insider Transactions at Premier Foods
In other news, insider Duncan Leggett bought 3,751 shares of Premier Foods stock in a transaction on Monday, February 2nd. The shares were bought at an average cost of GBX 85 per share, for a total transaction of £3,188.35. Also, insider Alex Whitehouse purchased 3,751 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were purchased at an average cost of GBX 85 per share, for a total transaction of £3,188.35. Company 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.