Premier Foods (LON:PFD) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Premier Foods plc (LON:PFD - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 192.02 ($2.58) and traded as high as GBX 193.80 ($2.60). Premier Foods shares last traded at GBX 187.60 ($2.52), with a volume of 4,512,104 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and set a GBX 270 ($3.62) price objective on shares of Premier Foods in a report on Thursday.

Premier Foods Trading Up 0.8%

The firm's fifty day moving average is GBX 201.99 and its two-hundred day moving average is GBX 192.10. The firm has a market cap of £1.64 billion, a P/E ratio of 14.58, a PEG ratio of 1.44 and a beta of 1.08. The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 25.47.

Premier Foods (LON:PFD - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported GBX 14.50 ($0.19) earnings per share for the quarter. Premier Foods had a return on equity of 8.49% and a net margin of 9.89%. Analysts predict that Premier Foods plc will post 13.2607117 earnings per share for the current fiscal year.

Insider Transactions at Premier Foods

In related news, insider Duncan Leggett sold 6,103 shares of Premier Foods stock in a transaction dated Friday, May 30th. The stock was sold at an average price of GBX 209 ($2.80), for a total value of £12,755.27 ($17,109.68). Also, insider Malcolm Waugh bought 9,368 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was bought at an average price of GBX 212 ($2.84) per share, for a total transaction of £19,860.16 ($26,640.05). Over the last ninety days, insiders acquired 34,956 shares of company stock worth $7,333,908. 25.24% of the stock is currently owned by insiders.

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.