Premier Foods (LON:PFD) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Premier Foods plc (LON:PFD) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 195.42 and traded as high as GBX 202.40. Premier Foods shares last traded at GBX 194.60, with a volume of 3,203,292 shares.

Wall Street Analyst Weigh In

PFD has been the subject of several recent research reports. Shore Capital Group reaffirmed a “house stock” rating on shares of Premier Foods in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Premier Foods from GBX 240 to GBX 250 and gave the stock a “buy” rating in a report on Friday, May 15th. Royal Bank Of Canada cut their target price on Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating for the company in a research note on Friday, July 17th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 230 target price on shares of Premier Foods in a research report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 242.

Premier Foods Stock Performance

The firm has a market cap of £1.67 billion, a P/E ratio of 12.48, a PEG ratio of 1.44 and a beta of 0.59. The stock’s 50 day moving average is GBX 197.46 and its two-hundred day moving average is GBX 195.40. The company has a debt-to-equity ratio of 24.06, a current ratio of 0.75 and a quick ratio of 0.41.

Premier Foods (LON:PFD) last posted its quarterly earnings results on Thursday, May 14th. The company reported GBX 15.80 earnings per share (EPS) for the quarter. The firm had revenue of GBX 117.55 billion during the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. As a group, equities analysts predict that Premier Foods plc will post 13.2607117 EPS for the current year.

Insider Transactions at Premier Foods

In related news, insider Alex Whitehouse sold 9,794 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total transaction of £19,881.82. Also, insider Duncan Leggett sold 6,344 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total value of £12,878.32. In the last ninety days, insiders sold 22,482 shares of company stock valued at $4,563,846. Corporate insiders own 1.68% 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.