Premier Foods (LON:PFD) Stock Price Passes Above Two Hundred Day Moving Average of $134.85

Premier Foods plc (LON:PFD)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 134.85 ($1.68) and traded as high as GBX 151 ($1.88). Premier Foods shares last traded at GBX 149.60 ($1.86), with a volume of 491,485 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Premier Foods in a research report on Wednesday, March 6th.

Premier Foods Trading Down 2.0 %

The company has a current ratio of 1.02, a quick ratio of 0.41 and a debt-to-equity ratio of 25.73. The business’s 50-day moving average is GBX 145.66 and its two-hundred day moving average is GBX 134.85. The firm has a market cap of £1.27 billion, a P/E ratio of 1,360.00, a P/E/G ratio of 1.44 and a beta of 1.02.

Insider Activity at Premier Foods

In other Premier Foods news, insider Alex Whitehouse sold 13,107 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of GBX 153 ($1.90), for a total transaction of £20,053.71 ($24,964.16). In other Premier Foods news, insider Alex Whitehouse sold 13,107 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of GBX 153 ($1.90), for a total transaction of £20,053.71 ($24,964.16). Also, insider Colin R. Day bought 50,000 shares of Premier Foods stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of GBX 154 ($1.92) per share, with a total value of £77,000 ($95,854.60). Insiders own 25.28% 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.