Premium Brands (TSE:PBH) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Premium Brands (TSE:PBH) recently surpassed its 200-day moving average, trading at C$95.15, significantly above the average of C$85.05.
• Several analysts have raised their target prices for Premium Brands, with BMO Capital Markets targeting C$109.00 and Canaccord Genuity at C$118.00, indicating a consensus price target of C$111.45.
• The company operates in the specialty food manufacturing sector and has a market cap of C$4.25 billion, reflecting strong performance metrics with a low beta of 0.34.

Premium Brands Holdings Co. (TSE:PBH - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$85.05 and traded as high as C$95.26. Premium Brands shares last traded at C$95.15, with a volume of 165,461 shares changing hands.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BMO Capital Markets boosted their target price on Premium Brands from C$94.00 to C$109.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Canaccord Genuity Group boosted their target price on Premium Brands from C$100.00 to C$118.00 in a research report on Thursday, August 7th. CIBC upped their price objective on Premium Brands from C$98.00 to C$108.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Scotiabank upped their price objective on Premium Brands from C$100.00 to C$103.00 and gave the stock a "sector perform" rating in a research report on Wednesday. Finally, Raymond James Financial upped their price objective on Premium Brands from C$100.00 to C$115.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$111.45.

Premium Brands Stock Up 2.3%

The business has a 50-day moving average price of C$93.19 and a two-hundred day moving average price of C$85.05. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00. The firm has a market cap of C$4.25 billion, a PE ratio of 45.75, a price-to-earnings-growth ratio of 1.10 and a beta of 0.34.

Premium Brands Company Profile

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company's business segments include Specialty Foods, Premium Food Distribution, and Corporate.

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