Premium Brands (TSE:PBH) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Premium Brands Holdings Co. (TSE:PBH) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$94.11 and traded as low as C$90.67. Premium Brands shares last traded at C$90.96, with a volume of 89,000 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PBH shares. Stifel Nicolaus upped their target price on Premium Brands from C$112.00 to C$117.00 and gave the company a “buy” rating in a report on Friday, May 8th. Raymond James Financial reduced their target price 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. Royal Bank Of Canada upped their target price on Premium Brands from C$129.00 to C$131.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Scotia upped their target price on Premium Brands from C$100.00 to C$110.00 and gave the company a “sector outperform” rating in a report on Friday, May 8th. Finally, Scotiabank reduced their target price on Premium Brands from C$120.00 to C$100.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$118.62.

Premium Brands Trading Down 0.2%

The company has a quick ratio of 1.16, a current ratio of 1.28 and a debt-to-equity ratio of 163.05. The firm has a 50 day moving average of C$85.98 and a 200 day moving average of C$94.11. The firm has a market cap of C$4.73 billion, a PE ratio of 101.07, a P/E/G ratio of 1.10 and a beta of 0.80.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.83 EPS for the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%.The business had revenue of C$2.05 billion for the quarter. Equities analysts anticipate that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current year.

About Premium Brands

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.