Premier Foods (LON:PFD) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Premier Foods plc (LON:PFD)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 193.98 ($2.60) and traded as low as GBX 181 ($2.43). Premier Foods shares last traded at GBX 182.60 ($2.45), with a volume of 944,998 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PFD. Deutsche Bank Aktiengesellschaft increased their price target on Premier Foods from GBX 230 to GBX 240 and gave the company a “buy” rating in a research note on Thursday, August 21st. Berenberg Bank reissued a “buy” rating and set a GBX 270 price target on shares of Premier Foods in a research note on Thursday, August 21st. Finally, Shore Capital reissued a “house stock” rating on shares of Premier Foods in a research note on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Premier Foods has a consensus rating of “Buy” and an average target price of GBX 255.

Premier Foods Stock Performance

The company has a debt-to-equity ratio of 25.47, a current ratio of 1.14 and a quick ratio of 0.41. The business has a 50-day simple moving average of GBX 186.71 and a 200-day simple moving average of GBX 193.98. The firm has a market capitalization of £1.58 billion, a PE ratio of 13.02, a P/E/G ratio of 1.44 and a beta of 1.08.

Insider Buying and Selling at Premier Foods

In other Premier Foods news, insider Tim Elliott purchased 1,000 shares of Premier Foods stock in a transaction dated Thursday, September 18th. The shares were purchased at an average cost of GBX 187 per share, for a total transaction of £1,870. Insiders own 1.62% of the company’s stock.

About Premier Foods

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.