Premier Foods (LON:PFD) Stock Passes Above Two Hundred Day Moving Average of $146.10

Premier Foods plc (LON:PFDGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 146.10 ($1.87) and traded as high as GBX 172 ($2.20). Premier Foods shares last traded at GBX 168.20 ($2.16), with a volume of 1,882,187 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PFD. Shore Capital restated a “house stock” rating on shares of Premier Foods in a research note on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 210 ($2.69) target price on shares of Premier Foods in a research report on Tuesday, April 30th.

View Our Latest Report on PFD

Premier Foods Price Performance

The company’s 50 day moving average price is GBX 160.81 and its 200 day moving average price is GBX 146.52. The company has a debt-to-equity ratio of 25.46, a quick ratio of 0.41 and a current ratio of 1.14. The company has a market cap of £1.45 billion, a price-to-earnings ratio of 1,283.08, a P/E/G ratio of 1.44 and a beta of 1.01.

Premier Foods Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 27th will be given a GBX 1.73 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, June 27th. This is a positive change from Premier Foods’s previous dividend of $1.44. This represents a yield of 1.02%. Premier Foods’s payout ratio is 1,538.46%.

Insider Transactions at Premier Foods

In other news, insider Duncan Leggett sold 25,353 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of GBX 154 ($1.97), for a total value of £39,043.62 ($50,023.86). In other news, insider Duncan Leggett sold 25,353 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of GBX 154 ($1.97), for a total value of £39,043.62 ($50,023.86). Also, insider Alex Whitehouse sold 13,107 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of GBX 153 ($1.96), for a total transaction of £20,053.71 ($25,693.41). Company insiders own 25.17% of the company’s stock.

Premier Foods Company Profile

(Get Free Report)

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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