Premier Foods (LON:PFD) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Premier Foods plc (LON:PFD) shares passed 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 ($2.32). Premier Foods shares last traded at GBX 187.40 ($2.32), with a volume of 401,687 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PFD shares. Shore Capital reaffirmed 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 ($2.97) target price on shares of Premier Foods in a report on Thursday, January 23rd.

Premier Foods Stock Performance

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

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

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.