Premium Brands (TSE:PBH) Stock Breaks Below Two Hundred Day Moving Average – Here’s Why

by · The Markets Daily

Shares of Premium Brands Holdings Co. (TSE:PBH – Get Free Report) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$83.29 and traded as low as C$71.42. Premium Brands shares last traded at C$71.83, with a volume of 102,413 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Desjardins decreased their target price on shares of Premium Brands from C$120.00 to C$110.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Scotia decreased their price objective on shares of Premium Brands from C$110.00 to C$105.00 and set a “sector outperform” rating for the company in a research report on Friday, August 7th. Stifel Nicolaus cut their price target on Premium Brands from C$117.00 to C$105.00 and set a “buy” rating for the company in a research note on Friday, August 7th. TD dropped their price objective on Premium Brands from C$140.00 to C$130.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, Royal Bank Of Canada cut their price target on shares of Premium Brands from C$131.00 to C$120.00 and set an “outperform” rating for the company in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$116.19.

Get Our Latest Stock Analysis on Premium Brands

Premium Brands Trading Up 1.2%

The company’s 50 day simple moving average is C$75.78 and its two-hundred day simple moving average is C$83.21. The company has a market cap of C$3.76 billion, a PE ratio of 44.10, a price-to-earnings-growth ratio of 1.10 and a beta of 0.84. The company has a debt-to-equity ratio of 153.93, a current ratio of 1.36 and a quick ratio of 1.16.

Premium Brands (TSE:PBH – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.53 EPS for the quarter. The business had revenue of C$2.38 billion during the quarter. Premium Brands had a return on equity of 4.19% and a net margin of 1.01%. As a group, sell-side analysts anticipate that Premium Brands Holdings Co. will post 6.04 EPS for the current fiscal year.

Premium Brands Company Profile

(Get Free Report)

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.

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