Premier Foods (LON:PFD) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Premier Foods plc (LON:PFD - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 186.24 ($2.47) and traded as high as GBX 196.80 ($2.61). Premier Foods shares last traded at GBX 194 ($2.57), with a volume of 1,692,372 shares trading hands.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Berenberg Bank reaffirmed a "buy" rating and set a GBX 240 ($3.18) price objective on shares of Premier Foods in a report on Thursday, January 23rd. Shore Capital reaffirmed a "house stock" rating on shares of Premier Foods in a research report on Tuesday, January 21st.

Premier Foods Stock Down 0.8 %

The firm has a 50-day moving average price of GBX 184.88 and a two-hundred day moving average price of GBX 186.24. The company has a market capitalization of £1.67 billion, a P/E ratio of 14.86, a PEG ratio of 1.44 and a beta of 1.08. The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 25.47.

Insiders Place Their Bets

In other Premier Foods news, insider Alex Whitehouse acquired 1,884 shares of Premier Foods stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of GBX 185 ($2.45) per share, with a total value of £3,485.40 ($4,618.26). Also, insider Tania Howarth bought 6,906 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of GBX 184 ($2.44) per share, for a total transaction of £12,707.04 ($16,837.21). Company insiders own 25.24% of the company's stock.

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.

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