Shares of Premier Foods plc (LON:PFD – Get Free Report) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 196.80 and traded as high as GBX 206. Premier Foods shares last traded at GBX 199.50, with a volume of 996,725 shares trading hands.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on PFD. Royal Bank Of Canada dropped their price objective on shares of Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating on the stock in a research note on Friday, July 17th. Shore Capital Group restated a “house stock” rating on shares of Premier Foods in a research note on Thursday, July 16th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 242.
Read Our Latest Stock Analysis on Premier Foods
Premier Foods Stock Performance
The stock has a market capitalization of £1.71 billion, a P/E ratio of 12.82, a P/E/G ratio of 1.44 and a beta of 0.59. The company’s 50-day moving average is GBX 195.08 and its two-hundred day moving average is GBX 196.93. The company has a current ratio of 0.75, a quick ratio of 0.41 and a debt-to-equity ratio of 24.06.
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.
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