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

Key Points

• Premier Foods shares crossed above their 200-day moving average, trading as high as GBX 204.20 and last at GBX 197.70 versus the 200‑day MA of GBX 183.58 on volume of 565,106.
• Analysts hold a Buy consensus with an average price target of GBX 245, including Jefferies at GBX 230 and Berenberg at GBX 280.
• Insiders bought shares on Feb 2 (3,751 shares each at GBX 85), while the company shows a market cap of £1.70bn, a P/E of 13.27 and a debt‑to‑equity ratio of 24.01.

Premier Foods plc (LON:PFD - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 183.58 and traded as high as GBX 204.20. Premier Foods shares last traded at GBX 197.70, with a volume of 565,106 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PFD shares. Shore Capital Group reissued a "house stock" rating on shares of Premier Foods in a report on Wednesday, January 21st. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 230 price target on shares of Premier Foods in a report on Thursday, January 22nd. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 280 price objective on shares of Premier Foods in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Premier Foods presently has an average rating of "Buy" and a consensus price target of GBX 245.

Premier Foods Price Performance

The company has a market capitalization of £1.70 billion, a P/E ratio of 13.27, a PEG ratio of 1.44 and a beta of 0.60. The company has a quick ratio of 0.41, a current ratio of 1.38 and a debt-to-equity ratio of 24.01. The business has a 50 day simple moving average of GBX 191.48 and a 200-day simple moving average of GBX 183.58.

Insider Buying and Selling

In other Premier Foods news, insider Duncan Leggett bought 3,751 shares of the business's stock in a transaction on Monday, February 2nd. The shares were purchased at an average price of GBX 85 per share, with a total value of £3,188.35. Also, insider Alex Whitehouse purchased 3,751 shares of Premier Foods stock in a transaction on Monday, February 2nd. The shares were acquired at an average price of GBX 85 per share, with a total value of £3,188.35. Corporate insiders own 1.67% 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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