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Premium Brands (TSE:PBH) Share Price Crosses Above 50 Day Moving Average - Should You Sell?

Premium Brands logo with Consumer Defensive background

Premium Brands Holdings Co. (TSE:PBH - Get Free Report) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$80.21 and traded as high as C$81.44. Premium Brands shares last traded at C$81.22, with a volume of 124,904 shares changing hands.

Wall Street Analyst Weigh In

PBH has been the topic of several recent analyst reports. National Bankshares boosted their target price on Premium Brands from C$96.00 to C$97.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Cibc World Mkts raised shares of Premium Brands from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Royal Bank Of Canada reduced their price objective on shares of Premium Brands from C$98.00 to C$97.00 and set a "sector perform" rating for the company in a research report on Tuesday, May 6th. Desjardins boosted their target price on shares of Premium Brands from C$93.00 to C$98.00 in a report on Friday, May 9th. Finally, Scotiabank raised their target price on shares of Premium Brands from C$88.00 to C$91.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Premium Brands currently has a consensus rating of "Moderate Buy" and an average price target of C$101.90.

View Our Latest Stock Analysis on PBH

Premium Brands Trading Up 1.0%

The company's 50-day moving average is C$80.28 and its 200 day moving average is C$78.76. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. The firm has a market cap of C$3.66 billion, a PE ratio of 36.52, a P/E/G ratio of 1.10 and a beta of 0.98.

Insider Buying and Selling at Premium Brands

In related news, Senior Officer William Dion Kalutycz sold 8,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$81.57, for a total value of C$652,575.20. Corporate insiders own 2.01% of the company's stock.

About Premium Brands

(Get Free Report)

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 processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.

See Also

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