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

Premier Foods plc (LON:PFD)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 185.64 and traded as low as GBX 171.20. Premier Foods shares last traded at GBX 172.60, with a volume of 352,095 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PFD shares. Shore Capital reissued a “house stock” rating on shares of Premier Foods in a research report on Thursday, November 13th. Berenberg Bank raised their target price on Premier Foods from GBX 270 to GBX 280 and gave the stock a “buy” rating in a research report on Friday, November 14th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 230 price target on shares of Premier Foods in a report on Thursday, November 13th. Three 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 a consensus price target of GBX 250.

Premier Foods Trading Down 1.2%

The company has a 50 day moving average of GBX 176.65 and a 200 day moving average of GBX 185.55. The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.47. The firm has a market cap of £1.47 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08.

Premier Foods (LON:PFD) last issued its quarterly earnings data on Thursday, November 13th. The company reported GBX 5.40 earnings per share (EPS) for the quarter. Premier Foods had a return on equity of 8.49% and a net margin of 9.89%. As a group, research analysts anticipate 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.