Premier Foods (LON:PFD) Shares Cross Above Two Hundred Day Moving Average of $113.90

Premier Foods plc (LON:PFDGet Rating) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 113.90 ($1.40) and traded as high as GBX 118.03 ($1.45). Premier Foods shares last traded at GBX 116.80 ($1.43), with a volume of 11,543,975 shares changing hands.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 145 ($1.78) target price on shares of Premier Foods in a report on Tuesday, April 12th. Shore Capital reaffirmed a “house stock” rating on shares of Premier Foods in a research note on Wednesday, July 20th.

Premier Foods Trading Up 0.5 %

The company has a market cap of £1.01 billion and a P/E ratio of 1,297.78. The company has a quick ratio of 0.52, a current ratio of 0.89 and a debt-to-equity ratio of 22.52. The business has a 50-day moving average price of GBX 114.59 and a two-hundred day moving average price of GBX 113.90.

Premier Foods Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were paid a GBX 1.20 ($0.01) dividend. This represents a yield of 1.04%. This is a boost from Premier Foods’s previous dividend of $1.00. The ex-dividend date of this dividend was Thursday, June 30th. Premier Foods’s payout ratio is presently 11.11%.

Insider Transactions at Premier Foods

In other news, insider Duncan Leggett sold 17,651 shares of the company’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of GBX 114 ($1.40), for a total transaction of £20,122.14 ($24,656.46).

Premier Foods Company Profile

(Get Rating)

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, and Paxo brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, and Homepride brands; and quick meals, snacks, and soups under the Batchelors and Smash brands.

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