Premier Foods (LON:PFD) Stock Price Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Premier Foods shares fell below their 200-day moving average of GBX 195.94, trading as low as GBX 159.90 before last changing hands at GBX 195.60.
• The company raised its full-year adjusted earnings outlook after branded revenue grew 3.2% in the first half, and plans to pay its first interim dividend in 19 years, citing strong cash generation.
• Analyst sentiment is moderately positive: MarketBeat reports a “Moderate Buy” consensus and a GBX 247.50 average price target, while individual ratings include Jefferies’ GBX 240 target and RBC’s GBX 220 target.

Premier Foods plc (LON:PFD - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 195.94 and traded as low as GBX 159.90. Premier Foods shares last traded at GBX 195.60, with a volume of 3,944,540 shares traded.

Latest Premier Foods News

Here's some of the latest news about PFD:

• Positive Sentiment: Premier Foods raised its full-year adjusted earnings guidance after branded revenue increased 3.2% in the first half. The improved outlook is the clearest potential catalyst for the shares. Premier Foods Raises Full-Year Earnings Expectations as Half-Year Branded Revenue Increases 3.2%
• Positive Sentiment: The company plans to pay its first interim dividend in 19 years, citing strong cash generation. The dividend signals confidence in cash flow and offers a potential shareholder return. Premier Foods sets first interim dividend in 19 years amid strong cash
• Positive Sentiment: Jefferies reaffirmed its “buy” rating and set a GBX 240 price target, indicating further potential upside in the broker’s view. Jefferies rating information

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Royal Bank Of Canada cut their price objective on shares of Premier Foods from GBX 230 to GBX 220 and set a "sector perform" rating on the stock in a research report on Friday, July 17th. Shore Capital Group reiterated a "house stock" rating on shares of Premier Foods in a research note on Thursday, July 16th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 240 price target on shares of Premier Foods in a research note on Thursday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 247.50.

Premier Foods Price Performance

The company's 50-day moving average is GBX 196.83 and its two-hundred day moving average is GBX 195.94. The company has a debt-to-equity ratio of 24.06, a current ratio of 0.75 and a quick ratio of 0.41. The firm has a market cap of £1.69 billion, a P/E ratio of 12.70, a PEG ratio of 1.44 and a beta of 0.59.

Premier Foods (LON:PFD - Get Free Report) last posted its quarterly earnings results on Thursday, November 12th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. The business had revenue of £514.50 million for the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. Sell-side analysts anticipate that Premier Foods plc will post 13.26 EPS for the current fiscal year.

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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