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

Premium Brands Holdings Co. (TSE:PBH)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$92.82 and traded as low as C$84.62. Premium Brands shares last traded at C$85.00, with a volume of 127,527 shares trading hands.

Analyst Ratings Changes

Several research firms have weighed in on PBH. Ventum Financial set a C$124.00 target price on Premium Brands and gave the company a “buy” rating in a report on Wednesday, April 22nd. BMO Capital Markets decreased their price target on shares of Premium Brands from C$125.00 to C$116.00 in a report on Friday, March 20th. Stifel Nicolaus boosted their price objective on shares of Premium Brands from C$112.00 to C$117.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Scotia upped their price objective on shares of Premium Brands from C$100.00 to C$110.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. Finally, Scotiabank cut their target price on shares of Premium Brands from C$120.00 to C$100.00 and set an “outperform” rating for the company in a research 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$118.62.

Premium Brands Stock Performance

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 cap of C$4.42 billion, a P/E ratio of 94.44, a P/E/G ratio of 1.10 and a beta of 0.88. The firm has a 50 day moving average price of C$87.08 and a 200-day moving average price of C$92.82.

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