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

Premier Foods plc (LON:PFD - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 186.24 ($2.50) and traded as high as GBX 196.80 ($2.64). Premier Foods shares last traded at GBX 194 ($2.61), with a volume of 1,692,372 shares.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PFD. Shore Capital reaffirmed a "house stock" rating on shares of Premier Foods in a research report on Tuesday, January 21st. Berenberg Bank reissued a "buy" rating and issued a GBX 240 ($3.22) target price on shares of Premier Foods in a report on Thursday, January 23rd.

Premier Foods Price Performance

The stock has a market cap of £1.69 billion, a P/E ratio of 15.04, a PEG ratio of 1.44 and a beta of 1.08. The company has a debt-to-equity ratio of 25.47, a current ratio of 1.14 and a quick ratio of 0.41. The business's fifty day moving average price is GBX 185.70 and its 200 day moving average price is GBX 186.66.

Insider Activity

In other Premier Foods news, insider Alex Whitehouse sold 367,652 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of GBX 177 ($2.38), for a total transaction of £650,744.04 ($874,303.43). Also, insider Tania Howarth bought 6,906 shares of the firm's stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of GBX 184 ($2.47) per share, with a total value of £12,707.04 ($17,072.47). 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.