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

Premier Foods plc (LON:PFD - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 185.62 ($2.45) and traded as high as GBX 189.20 ($2.49). Premier Foods shares last traded at GBX 180.60 ($2.38), with a volume of 881,011 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PFD shares. Berenberg Bank reiterated a "buy" rating and issued a GBX 240 ($3.16) target price on shares of Premier Foods in a report on Thursday, January 23rd. Shore Capital reiterated a "house stock" rating on shares of Premier Foods in a report on Tuesday, January 21st.

Premier Foods Stock Up 1.0 %

The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.47. The company has a market capitalization of £1.67 billion, a PE ratio of 14.89, a PEG ratio of 1.44 and a beta of 1.08. The business has a fifty day moving average of GBX 184.42 and a 200 day moving average of GBX 185.73.

Insider Buying and Selling

In other Premier Foods news, insider Alex Whitehouse acquired 1,884 shares of the stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average cost of GBX 185 ($2.44) per share, with a total value of £3,485.40 ($4,595.73). Also, insider Tania Howarth acquired 6,906 shares of the business's stock in a transaction on Monday, March 17th. The shares were bought at an average cost of GBX 184 ($2.43) per share, for a total transaction of £12,707.04 ($16,755.06). 25.24% of the stock is 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.