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

Key Points

• Premier Foods shares crossed above their 200-day moving average, reaching GBX 202.40 before closing at GBX 194.60, with more than 3.2 million shares traded.
• Analyst sentiment remains positive: four analysts rate the stock a Buy and one a Hold, producing a “Moderate Buy” consensus and an average price target of GBX 242.
• The company reported quarterly EPS of GBX 15.80, revenue of GBX 117.55 billion, an 11.62% net margin and a 9.74% return on equity; an insider also purchased 5,156 shares in July.

Shares of Premier Foods plc (LON:PFD - Get Free Report) 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.

Analyst Ratings Changes

Several research analysts have recently issued reports on PFD shares. Jefferies Financial Group restated a "buy" rating and issued a GBX 230 target price on shares of Premier Foods in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Premier Foods from GBX 240 to GBX 250 and gave the stock a "buy" rating in a research note on Friday, May 15th. Royal Bank Of Canada reduced their price target on shares of Premier Foods from GBX 230 to GBX 220 and set a "sector perform" rating for the company in a research report on Friday, July 17th. Finally, Shore Capital Group restated a "house stock" rating on shares of Premier Foods in a research note on Thursday, July 16th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 242.

Premier Foods Stock Performance

The company has a market cap of £1.68 billion, a PE ratio of 12.55, a P/E/G ratio of 1.44 and a beta of 0.59. The company has a debt-to-equity ratio of 24.06, a quick ratio of 0.41 and a current ratio of 0.75. The stock's 50-day simple moving average is GBX 197.59 and its 200 day simple moving average is GBX 195.42.

Premier Foods (LON:PFD - Get Free Report) last released its earnings results on Thursday, May 14th. The company reported GBX 15.80 EPS for the quarter. The company 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 anticipate that Premier Foods plc will post 13.2607117 EPS for the current year.

Insider Buying and Selling

In other Premier Foods news, insider Malcolm Waugh acquired 5,156 shares of the stock in a transaction on Friday, July 17th. The shares were bought at an average price of GBX 193 per share, with a total value of £9,951.08. Also, insider Alex Whitehouse sold 9,794 shares of the business'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 value of £19,881.82. Insiders sold 22,482 shares of company stock valued at $4,563,846 over the last ninety days. Corporate 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.

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