Premier Foods (LON:PFD) Stock Passes Above Two Hundred Day Moving Average – Should You 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 traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 240 ($3.09) price objective on shares of Premier Foods in a research note on Thursday, January 23rd. Shore Capital restated a “house stock” rating on shares of Premier Foods in a report on Tuesday, January 21st.

Premier Foods Trading Down 0.1 %

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 business’s 50 day moving average price is GBX 183.89 and its 200-day moving average price is GBX 185.20. The company has a market cap of £1.58 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.44 and a beta of 1.08.

Insider Buying and Selling at Premier Foods

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

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.