Premium Brands (TSE:PBH) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Premium Brands' stock fell below its 200-day moving average (200‑day MA C$96.10), trading as low as C$83.36 and last at C$85.58 on volume of 327,988 — a bearish technical signal.
• Analysts remain broadly positive with a consensus "Buy" and an average price target of C$115.60, although several firms (CIBC, Scotiabank, Raymond James) trimmed targets while others (Stifel, Desjardins) stayed more bullish.
• Financials show high leverage and a rich valuation: debt‑to‑equity 206.42, P/E 95.09, market cap C$4.45 billion, and a recently reported quarterly EPS of C$1.29 with a net margin of 0.54%.

Premium Brands Holdings Co. (TSE:PBH - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$96.10 and traded as low as C$83.36. Premium Brands shares last traded at C$85.58, with a volume of 327,988 shares.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PBH shares. Canadian Imperial Bank of Commerce reduced their price target on Premium Brands from C$120.00 to C$110.00 in a research report on Friday, March 20th. Stifel Nicolaus upped their price target on Premium Brands from C$106.00 to C$111.00 in a research report on Thursday, December 18th. Scotiabank reduced their price target on Premium Brands from C$120.00 to C$100.00 and set an "outperform" rating for the company in a research report on Friday, March 20th. Raymond James Financial cut their price objective on Premium Brands from C$125.00 to C$115.00 and set an "outperform" rating for the company in a report on Friday, March 20th. Finally, Desjardins set a C$120.00 price objective on Premium Brands and gave the company a "buy" rating in a report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$115.60.

Premium Brands Price Performance

The company has a debt-to-equity ratio of 206.42, a current ratio of 1.23 and a quick ratio of 1.16. The stock has a market capitalization of C$4.45 billion, a price-to-earnings ratio of 95.09, a P/E/G ratio of 1.10 and a beta of 0.86. The company's 50-day simple moving average is C$95.42 and its 200-day simple moving average is C$96.10.

Premium Brands (TSE:PBH - Get Free Report) last posted its earnings results on Thursday, March 19th. The company reported C$1.29 earnings per share for the quarter. Premium Brands had a return on equity of 2.38% and a net margin of 0.54%.The company had revenue of C$1.90 billion during the quarter. Research analysts forecast that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current fiscal year.

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. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company's distribution and wholesale businesses; the Corporate segment includes the company's head office activities along with its finance and information systems.

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