Premium Brands (TSE:PBH) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Premium Brands Holdings Co. (TSE:PBH) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$92.33 and traded as low as C$87.40. Premium Brands shares last traded at C$88.31, with a volume of 179,028 shares.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Ventum Capital lifted their price target on shares of Premium Brands from C$124.00 to C$128.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Stifel Nicolaus increased their price objective on shares of Premium Brands from C$112.00 to C$117.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. BMO Capital Markets dropped their price objective on shares of Premium Brands from C$125.00 to C$116.00 in a report on Friday, March 20th. TD Securities cut their price objective on shares of Premium Brands from C$160.00 to C$140.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Finally, Raymond James Financial lowered 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. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Premium Brands has an average rating of “Moderate Buy” and a consensus price target of C$118.62.

Premium Brands Price Performance

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 50 day moving average price of C$87.44 and a 200 day moving average price of C$92.33. The company has a market capitalization of C$4.59 billion, a P/E ratio of 98.12, a P/E/G ratio of 1.10 and a beta of 0.90.

Premium Brands (TSE:PBH) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.83 EPS for the quarter. The business had revenue of C$2.05 billion for the quarter. Premium Brands had a net margin of 0.52% and a return on equity of 2.21%. On average, equities 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.