Premium Brands Holdings Co. (TSE:PBH - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$80.55 and traded as low as C$77.23. Premium Brands shares last traded at C$77.52, with a volume of 75,857 shares traded.
Analyst Upgrades and Downgrades
Several brokerages have commented on PBH. Desjardins cut their target price on Premium Brands from C$95.00 to C$93.00 and set a "buy" rating for the company in a research note on Monday, March 24th. National Bankshares decreased their target price on shares of Premium Brands from C$99.00 to C$96.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Cibc World Mkts raised shares of Premium Brands from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. CIBC upgraded Premium Brands from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from C$90.00 to C$95.00 in a research report on Monday, April 7th. Finally, Scotiabank raised Premium Brands to a "hold" rating in a report on Tuesday, April 1st. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Premium Brands currently has an average rating of "Moderate Buy" and an average price target of C$102.44.
Check Out Our Latest Stock Analysis on Premium Brands
Premium Brands Trading Up 1.0 %
The stock's 50 day moving average is C$77.54 and its 200-day moving average is C$80.10. 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 company has a market cap of C$3.49 billion, a P/E ratio of 34.90, a PEG ratio of 1.10 and a beta of 0.98.
About Premium Brands
(
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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.
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