Premier Foods (LON:PFD) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Shares of Premier Foods plc (LON:PFD - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 171.10 ($2.22) and traded as high as GBX 190.40 ($2.47). Premier Foods shares last traded at GBX 189.40 ($2.46), with a volume of 1,140,473 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "house stock" rating on shares of Premier Foods in a report on Thursday, July 18th.

Premier Foods Stock Up 0.2 %

The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 25.46. The firm has a 50 day simple moving average of GBX 182.61 and a 200-day simple moving average of GBX 171.39. The stock has a market cap of £1.64 billion, a P/E ratio of 1,460.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08.

Insider Transactions at Premier Foods

In related news, insider Tim Elliott purchased 2,500 shares of Premier Foods stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of GBX 178 ($2.31) per share, with a total value of £4,450 ($5,770.98). 25.24% of the stock is owned by corporate insiders.

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.