Premier Foods (LON:PFD) Shares Pass Above 200 Day Moving Average - Here's Why

Premier Foods plc (LON:PFD - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 185.17 ($2.40) and traded as high as GBX 191.20 ($2.47). Premier Foods shares last traded at GBX 184.40 ($2.39), with a volume of 424,984 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on PFD. Berenberg Bank reissued a "buy" rating and set a GBX 240 ($3.11) target price on shares of Premier Foods in a report on Thursday, January 23rd. Shore Capital reiterated a "house stock" rating on shares of Premier Foods in a research report on Tuesday, January 21st.

Premier Foods Price Performance

The company has a debt-to-equity ratio of 25.47, a quick ratio of 0.41 and a current ratio of 1.14. The company has a market cap of £1.60 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.44 and a beta of 1.08. The business has a fifty day moving average price of GBX 184.11 and a 200 day moving average price of GBX 185.26.

Insiders Place Their Bets

In other news, insider Tania Howarth acquired 6,906 shares of Premier Foods stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average price of GBX 184 ($2.38) per share, for a total transaction of £12,707.04 ($16,447.11). Also, insider Alex Whitehouse sold 367,652 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of GBX 177 ($2.29), for a total value of £650,744.04 ($842,278.07). Insiders own 25.24% of the company's stock.

Remove Ads

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.