Premium Brands (TSE:PBH) Shares Cross Below 200-Day Moving Average – What’s Next?

Premium Brands Holdings Co. (TSE:PBH) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$94.01 and traded as low as C$87.74. Premium Brands shares last traded at C$88.20, with a volume of 43,243 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PBH shares. Scotia lifted their price objective 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. Stifel Nicolaus lifted their price objective 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. Ventum Capital lifted their price objective on Premium Brands from C$124.00 to C$128.00 and gave the company a “buy” rating in a report on Friday, May 8th. National Bank Financial lowered their price objective on Premium Brands from C$115.00 to C$108.00 and set a “sector perform” rating on the stock in a report on Friday, March 20th. Finally, BMO Capital Markets lowered their price objective on Premium Brands from C$125.00 to C$116.00 in a report on Friday, March 20th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$118.62.

Premium Brands Stock Performance

The stock’s 50-day moving average price is C$86.71 and its 200-day moving average price is C$94.01. The company has a debt-to-equity ratio of 163.05, a quick ratio of 1.16 and a current ratio of 1.28. The company has a market capitalization of C$4.59 billion, a price-to-earnings ratio of 98.00, a P/E/G ratio of 1.10 and a beta of 0.88.

Premium Brands (TSE:PBH) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.83 earnings per share (EPS) for the quarter. Premium Brands had a net margin of 0.52% and a return on equity of 2.21%. The company had revenue of C$2.05 billion during the quarter. As a group, equities research analysts expect 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.