Premium Brands (TSE:PBH) Stock Price Passes Below Two Hundred Day Moving Average of $90.65
Premium Brands Holdings Corp (TSE:PBH)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $90.65 and traded as low as $86.12. Premium Brands shares last traded at $87.19, with a volume of 51,445 shares.
PBH has been the topic of a number of analyst reports. Royal Bank of Canada cut shares of Premium Brands from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$102.00 to C$88.00 in a report on Tuesday, November 12th. TD Securities decreased their target price on shares of Premium Brands from C$110.00 to C$100.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. CIBC decreased their target price on shares of Premium Brands from C$94.00 to C$81.00 in a research report on Tuesday, November 12th. Finally, Cormark raised their price target on shares of Premium Brands from C$97.00 to C$106.00 in a research note on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$95.00.
The firm’s fifty day moving average is C$87.37 and its two-hundred day moving average is C$90.85. The firm has a market cap of $3.31 billion and a price-to-earnings ratio of 36.40. The company has a debt-to-equity ratio of 118.33, a current ratio of 1.61 and a quick ratio of 0.78.
About Premium Brands (TSE:PBH)
Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, and baking and sushi products.
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