Premier Foods (LON:PFD) Stock Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Premier Foods shares slipped below the 200-day moving average, trading as low as GBX 178.20 versus the 200‑day at GBX 182.83 and last quoted at GBX 181 on ~18.66M shares.
• Analysts maintain a consensus "Buy" rating with an average price target of GBX 245 (notable individual targets: GBX 230 from Jefferies and GBX 280 from Berenberg).
• Insider buying was reported: Duncan Leggett and Alex Whitehouse each bought 3,751 shares at GBX 85 on Feb 2, and insiders own about 1.67% of the stock.

Premier Foods plc (LON:PFD - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 182.83 and traded as low as GBX 178.20. Premier Foods shares last traded at GBX 181, with a volume of 18,662,639 shares trading hands.

Analysts Set New Price Targets

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

Premier Foods Stock Up 0.4%

The stock has a market capitalization of £1.56 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 1.44 and a beta of 0.59. 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 stock has a 50 day moving average price of GBX 189.42 and a 200 day moving average price of GBX 182.83.

Insider Activity at Premier Foods

In other Premier Foods news, insider Duncan Leggett bought 3,751 shares of the business's stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average cost of GBX 85 per share, for a total transaction of £3,188.35. Also, insider Alex Whitehouse bought 3,751 shares of Premier Foods stock in a transaction on Monday, February 2nd. The shares were acquired at an average cost of GBX 85 per share, for a total transaction of £3,188.35. 1.67% of the stock is owned by company 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.

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