Premier Foods (LON:PFD) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Premier Foods plc (LON:PFD) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 182.08 ($2.26) and traded as high as GBX 187.60 ($2.32). Premier Foods shares last traded at GBX 187.40 ($2.32), with a volume of 401,687 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 240 ($2.97) target price on shares of Premier Foods in a research note on Thursday, January 23rd. Shore Capital reiterated a “house stock” rating on shares of Premier Foods in a research report on Tuesday, January 21st.

Premier Foods Trading Up 0.2 %

The business’s 50 day simple moving average is GBX 186.31 and its 200-day simple moving average is GBX 182.12. The company has a debt-to-equity ratio of 25.46, a current ratio of 1.14 and a quick ratio of 0.41. The stock has a market capitalization of £1.62 billion, a P/E ratio of 1,444.62, a PEG ratio of 1.44 and a beta of 1.08.

Premier Foods (LON:PFD) last posted its quarterly earnings results on Thursday, November 14th. The company reported GBX 5.30 ($0.07) earnings per share (EPS) for the quarter. Premier Foods had a return on equity of 8.23% and a net margin of 9.89%. As a group, analysts forecast that Premier Foods plc will post 13.2607117 EPS for the current 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.