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

Premier Foods plc (LON:PFD) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 185.17 ($2.38) and traded as high as GBX 191.20 ($2.46). Premier Foods shares last traded at GBX 184.40 ($2.37), with a volume of 424,984 shares trading hands.

Wall Street Analysts Forecast Growth

PFD has been the topic of a number of research reports. Shore Capital restated a “house stock” rating on shares of Premier Foods in a report on Tuesday, January 21st. Berenberg Bank restated a “buy” rating and issued a GBX 240 ($3.09) target price on shares of Premier Foods in a research note on Thursday, January 23rd.

Premier Foods Trading Down 0.1 %

The business has a 50-day moving average of GBX 183.89 and a 200-day moving average of GBX 185.20. 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 firm has a market cap of £1.58 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 1.44 and a beta of 1.08.

Insider Activity

In other Premier Foods news, insider Tania Howarth purchased 6,906 shares of the business’s stock in a transaction on Monday, March 17th. The stock was acquired at an average price of GBX 184 ($2.37) per share, with a total value of £12,707.04 ($16,360.29). Also, insider Alex Whitehouse sold 367,652 shares of Premier Foods stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of GBX 177 ($2.28), for a total transaction of £650,744.04 ($837,831.90). 25.24% of the stock is currently owned by 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.