Premier Foods (LON:PFD) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Premier Foods plc (LON:PFD) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 182.71 and traded as high as GBX 187.40. Premier Foods shares last traded at GBX 186.60, with a volume of 36,137,609 shares changing hands.

Analysts Set New Price Targets

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

Premier Foods Trading Up 1.1%

The firm has a market capitalization of £1.61 billion, a PE ratio of 12.52, a P/E/G ratio of 1.44 and a beta of 0.59. The company has a debt-to-equity ratio of 24.01, a quick ratio of 0.41 and a current ratio of 1.38. The firm has a fifty day moving average of GBX 190.51 and a 200 day moving average of GBX 182.71.

Insider Activity at Premier Foods

In other news, insider Alex Whitehouse bought 3,751 shares of Premier Foods stock in a transaction dated Monday, February 2nd. The shares were acquired at an average cost of GBX 85 per share, with a total value of £3,188.35. Also, insider Duncan Leggett bought 3,751 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was purchased at an average price of GBX 85 per share, with a total value of £3,188.35. 1.67% of the stock is owned by company insiders.

Premier Foods Company Profile

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.