Premier Foods (LON:PFD) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Premier Foods plc's share price recently surpassed its 200-day moving average, indicating a potential upward trend with a price last traded at GBX 188.60 ($2.55).
• Analysts are optimistic about the stock, with a consensus "Buy" rating and an average price target of GBX 255, following recent upgrades from Deutsche Bank and Berenberg Bank.
• The company has a market capitalization of £1.63 billion and notable financial ratios, including a P/E ratio of 1,337.59 and a debt-to-equity ratio of 25.47, suggesting significant leverage compared to peers.

Premier Foods plc (LON:PFD - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 193.31 ($2.59) and traded as high as GBX 195.60 ($2.62). Premier Foods shares last traded at GBX 188.60 ($2.53), with a volume of 1,952,593 shares traded.

Analyst Ratings Changes

PFD has been the subject of several recent research reports. Berenberg Bank reiterated a "buy" rating and set a GBX 270 price target on shares of Premier Foods in a report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Premier Foods from GBX 230 to GBX 240 and gave the company a "buy" rating in a report on Thursday, August 21st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of GBX 255.

Premier Foods Price Performance

The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 25.47. The firm's fifty day moving average price is GBX 192.35 and its 200-day moving average price is GBX 193.32. The stock has a market cap of £1.59 billion, a P/E ratio of 1,312.06, a PEG ratio of 1.44 and a beta of 1.08.

Premier Foods Company Profile

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.