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Premier Foods (LON:PFD) Share Price Crosses Above 200-Day Moving Average - Here's Why

Premier Foods logo with Consumer Defensive background
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Key Points

  • Shares of Premier Foods crossed above their 200-day moving average, trading as high as GBX 203.60 and last at GBX 201.98 on a volume of 2,046,369 shares (200‑day MA = GBX 184.05).
  • Analyst sentiment is positive with an average rating of Buy and an average price target of GBX 245, including Jefferies at GBX 230 and Berenberg at GBX 280.
  • The company has a market cap of £1.73 billion, a P/E of 13.49, and notable leverage (debt‑to‑equity 24.01) with a quick ratio of 0.41.
  • MarketBeat previews the top five stocks to own by June 1st.

Shares of Premier Foods plc (LON:PFD - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 184.05 and traded as high as GBX 203.60. Premier Foods shares last traded at GBX 201.98, with a volume of 2,046,369 shares.

Wall Street Analyst Weigh In

A number of 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 report on Thursday, January 22nd. Berenberg Bank reiterated a "buy" rating and issued a GBX 280 target price on shares of Premier Foods in a research report on Thursday, January 22nd. Finally, Shore Capital Group reiterated a "house stock" rating on shares of Premier Foods in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 245.

View Our Latest Research Report on Premier Foods

Premier Foods Trading Down 0.4%

The company has a current ratio of 1.38, a quick ratio of 0.41 and a debt-to-equity ratio of 24.01. The company has a market cap of £1.73 billion, a PE ratio of 13.49, a P/E/G ratio of 1.44 and a beta of 0.60. The business's 50-day simple moving average is GBX 191.69 and its 200-day simple moving average is GBX 184.05.

Premier Foods Company Profile

(Get Free Report)

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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