Premier Foods (LON:PFD) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Premier Foods plc (LON:PFD) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 182.94 and traded as high as GBX 193.40. Premier Foods shares last traded at GBX 191.80, with a volume of 601,603 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PFD shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 230 price objective on shares of Premier Foods in a research note on Thursday, January 22nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 280 price target on shares of Premier Foods in a research note on Thursday, January 22nd. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 245.

Premier Foods Stock Performance

The company has a quick ratio of 0.41, a current ratio of 1.38 and a debt-to-equity ratio of 24.01. The stock has a fifty day moving average price of GBX 187.78 and a two-hundred day moving average price of GBX 182.94. The company has a market capitalization of £1.65 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 1.44 and a beta of 0.59.

Insider Transactions at Premier Foods

In other news, insider Alex Whitehouse 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 Duncan Leggett 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.