Premium Brands (TSE:PBH) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Premium Brands Holdings Co. (TSE:PBH)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$93.49 and traded as low as C$83.56. Premium Brands shares last traded at C$84.12, with a volume of 116,881 shares traded.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Raymond James Financial decreased their price target on Premium Brands from C$125.00 to C$115.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Scotia lifted their target price on shares of Premium Brands from C$100.00 to C$110.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 8th. BMO Capital Markets cut their price target on shares of Premium Brands from C$125.00 to C$116.00 in a report on Friday, March 20th. Canadian Imperial Bank of Commerce upped their price objective on shares of Premium Brands from C$110.00 to C$115.00 in a research note on Friday, May 8th. Finally, 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. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Premium Brands has an average rating of “Moderate Buy” and an average target price of C$118.62.

Premium Brands Trading Up 0.0%

The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 163.05. The company has a market cap of C$4.37 billion, a PE ratio of 93.47, a PEG ratio of 1.10 and a beta of 0.88. The stock has a 50 day moving average price of C$86.88 and a 200 day moving average price of C$93.49.

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