Premier Foods (LON:PFD) Stock Crosses Above 200-Day Moving Average

Premier Foods plc (LON:PFD – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 196.11 and traded as high as GBX 200. Premier Foods shares last traded at GBX 191.50, with a volume of 865,813 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Royal Bank Of Canada reduced their price target on Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating on the stock in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on Premier Foods from GBX 240 to GBX 250 and gave the company a “buy” rating in a research report on Friday, May 15th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 230 target price on shares of Premier Foods in a research report on Friday, May 15th. Finally, Shore Capital Group reissued a “house stock” rating on shares of Premier Foods in a research note on Thursday, July 16th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Premier Foods presently has an average rating of “Moderate Buy” and a consensus price target of GBX 242.

View Our Latest Report on Premier Foods

Premier Foods Price Performance

The company has a market capitalization of £1.65 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 1.44 and a beta of 0.59. The company has a quick ratio of 0.41, a current ratio of 0.75 and a debt-to-equity ratio of 24.06. The company has a 50 day simple moving average of GBX 195.46 and a 200 day simple moving average of GBX 196.11.

Insider Buying and Selling

In other Premier Foods news, insider Malcolm Waugh acquired 5,156 shares of the firm’s stock in a transaction on Friday, July 17th. The stock was bought at an average cost of GBX 193 per share, for a total transaction of £9,951.08. Insiders own 1.68% of the company’s stock.

Premier Foods Company Profile

(Get Free Report)

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.

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