Premier Foods (LON:PFD) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Premier Foods plc (LON:PFD) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 182.21 and traded as high as GBX 196.40. Premier Foods shares last traded at GBX 194, with a volume of 985,926 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PFD. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research report on Wednesday, January 21st. Berenberg Bank reiterated a “buy” rating and set a GBX 280 price target on shares of Premier Foods in a report on Thursday, January 22nd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 230 price target on shares of Premier Foods in a report on Thursday, January 22nd. Finally, Peel Hunt restated a “buy” rating and issued a GBX 230 price objective on shares of Premier Foods in a research report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 245.

Premier Foods Price Performance

The company has a debt-to-equity ratio of 25.47, a current ratio of 1.14 and a quick ratio of 0.41. The company has a market capitalization of £1.67 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The firm’s 50-day moving average is GBX 177.58 and its 200-day moving average is GBX 182.21.

Premier Foods (LON:PFD) last posted its quarterly earnings data on Thursday, November 13th. The company reported GBX 5.40 EPS for the quarter. Premier Foods had a return on equity of 8.49% and a net margin of 9.89%. Analysts predict that Premier Foods plc will post 13.2607117 EPS for the current fiscal year.

Insider Transactions at Premier Foods

In related news, insider Duncan Leggett acquired 3,751 shares of the stock in a transaction dated Monday, February 2nd. The stock was acquired at an average cost of GBX 85 per share, with a total value of £3,188.35. Also, insider Alex Whitehouse sold 473,186 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of GBX 186, for a total transaction of £880,125.96. 1.67% of the stock is currently owned by company insiders.

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.