Premier Foods (LON:PFD) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Premier Foods plc (LON:PFD)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 182.81 and traded as high as GBX 195.80. Premier Foods shares last traded at GBX 195.80, with a volume of 966,896 shares changing hands.

Wall Street Analysts Forecast Growth

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

Premier Foods Stock Performance

The firm’s fifty day simple moving average is GBX 190.82 and its 200 day simple moving average is GBX 182.81. The company has a market capitalization of £1.69 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 1.44 and a beta of 0.60. The company has a debt-to-equity ratio of 24.01, a current ratio of 1.38 and a quick ratio of 0.41.

Insider Activity at Premier Foods

In related news, insider Duncan Leggett purchased 3,751 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was acquired at an average cost of GBX 85 per share, for a total transaction of £3,188.35. Also, insider Alex Whitehouse purchased 3,751 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were bought at an average price of GBX 85 per share, with a total value 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.