Premier Foods (LON:PFD) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Premier Foods plc (LON:PFD) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 192.22 and traded as high as GBX 200.64. Premier Foods shares last traded at GBX 200, with a volume of 747,183 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on PFD. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 230 target price on shares of Premier Foods in a research note on Friday, May 15th. Shore Capital Group reiterated a “house stock” rating on shares of Premier Foods in a research report on Monday, May 11th. Royal Bank Of Canada lifted their price objective on Premier Foods from GBX 210 to GBX 230 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Premier Foods from GBX 240 to GBX 250 and gave the company a “buy” rating in a report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 244.

Premier Foods Stock Performance

The company’s 50 day moving average is GBX 202.17 and its 200-day moving average is GBX 192.40. The company has a market capitalization of £1.71 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60. The company has a current ratio of 0.75, a quick ratio of 0.41 and a debt-to-equity ratio of 24.06.

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

Insider Activity at Premier Foods

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