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

Premier Foods plc (LON:PFD)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 185.17 ($2.39) and traded as high as GBX 191.20 ($2.47). Premier Foods shares last traded at GBX 184.40 ($2.38), with a volume of 424,984 shares.

Analyst Ratings Changes

PFD has been the subject of several analyst reports. Shore Capital reiterated a “house stock” rating on shares of Premier Foods in a research report on Tuesday, January 21st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 240 ($3.10) target price on shares of Premier Foods in a research note on Thursday, January 23rd.

Premier Foods Price Performance

The company has a market cap of £1.59 billion, a PE ratio of 14.12, 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 183.69 and a 200-day moving average price of GBX 185.17. The company has a debt-to-equity ratio of 25.47, a current ratio of 1.14 and a quick ratio of 0.41.

Insider Activity at Premier Foods

In other news, insider Alex Whitehouse sold 367,652 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of GBX 177 ($2.29), for a total transaction of £650,744.04 ($840,863.21). Also, insider Tania Howarth purchased 6,906 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was purchased at an average cost of GBX 184 ($2.38) per share, for a total transaction of £12,707.04 ($16,419.49). Insiders own 25.24% of the company’s stock.

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.