Premier Foods (LON:PFD) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Premier Foods plc (LON:PFD) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 183.48 ($2.31) and traded as high as GBX 191.80 ($2.41). Premier Foods shares last traded at GBX 189.80 ($2.39), with a volume of 730,185 shares.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 240 ($3.02) 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 report on Tuesday, January 21st.

Premier Foods Stock Performance

The company has a market capitalization of £1.63 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 1.44 and a beta of 1.08. The stock has a fifty day moving average price of GBX 185.97 and a two-hundred day moving average price of GBX 183.48. The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 25.47.

Premier Foods (LON:PFD) last released its quarterly earnings results on Thursday, November 14th. The company reported GBX 5.30 ($0.07) earnings per share for the quarter. Premier Foods had a return on equity of 8.49% and a net margin of 9.89%. As a group, analysts forecast that Premier Foods plc will post 13.2607117 EPS for the current fiscal year.

Insider Activity

In related news, insider Alex Whitehouse bought 1,884 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was bought at an average price of GBX 185 ($2.33) per share, with a total value of £3,485.40 ($4,386.91). 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.