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

Shares of Premier Foods plc (LON:PFD) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 182.08 ($2.26) and traded as high as GBX 187.60 ($2.33). Premier Foods shares last traded at GBX 187.40 ($2.33), with a volume of 401,687 shares changing hands.

Wall Street Analysts Forecast Growth

PFD has been the subject of several research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 240 ($2.98) price objective on shares of Premier Foods in a report 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 Stock Up 1.8 %

The firm’s 50 day moving average is GBX 186.30 and its 200-day moving average is GBX 182.08. The firm has a market cap of £1.62 billion, a PE ratio of 1,441.54, a P/E/G ratio of 1.44 and a beta of 1.08. The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 25.46.

Premier Foods (LON:PFD) last posted its quarterly earnings data 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, equities research analysts expect that Premier Foods plc will post 13.2607117 earnings per share 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.