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

Key Points

• Premier Foods' shares crossed above their 200-day moving average at GBX 192.23, trading as high as GBX 194 with a recent trading price of GBX 193.62.
• Berenberg Bank has restated a "buy" rating on Premier Foods and set a price target of GBX 270 ($3.63) for the stock.
• Insider transactions include the sale of 9,595 shares by Alex Whitehouse and the acquisition of 9,368 shares by Malcolm Waugh, indicating active insider involvement in the market.

Premier Foods plc (LON:PFD - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 192.23 ($2.57) and traded as high as GBX 194 ($2.59). Premier Foods shares last traded at GBX 193.62 ($2.59), with a volume of 1,198,642 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 270 ($3.61) target price on shares of Premier Foods in a report on Thursday, July 17th.

Premier Foods Stock Performance

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 firm has a market cap of £1.66 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The stock has a fifty day moving average price of GBX 200.62 and a 200 day moving average price of GBX 192.49.

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

Insider Buying and Selling at Premier Foods

In other Premier Foods news, insider Alex Whitehouse sold 9,595 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of GBX 209 ($2.79), for a total value of £20,053.55 ($26,791.65). Also, insider Malcolm Waugh acquired 9,368 shares of Premier Foods stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of GBX 212 ($2.83) per share, with a total value of £19,860.16 ($26,533.28). Insiders have acquired 34,956 shares of company stock valued at $7,333,908 in the last 90 days. 25.24% of the stock is currently owned by insiders.

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.