Premium Brands (TSE:PBH) Shares Pass Below 200-Day Moving Average – Should You Sell?

Premium Brands Holdings Co. (TSE:PBH) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$94.11 and traded as low as C$90.67. Premium Brands shares last traded at C$90.96, with a volume of 89,000 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PBH. Scotia boosted 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 report on Friday, May 8th. TD Securities decreased their price objective on shares of Premium Brands from C$160.00 to C$140.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Raymond James Financial reduced their price target on shares of 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. Royal Bank Of Canada upped their price target on shares of Premium Brands from C$129.00 to C$131.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Desjardins set a C$120.00 price target on shares of Premium Brands and gave the company a “buy” rating 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$118.62.

Premium Brands Price Performance

The company has a market cap of C$4.73 billion, a price-to-earnings ratio of 101.07, a PEG ratio of 1.10 and a beta of 0.80. The company has a quick ratio of 1.16, a current ratio of 1.28 and a debt-to-equity ratio of 163.05. The company’s fifty day moving average price is C$85.98 and its two-hundred day moving average price is C$94.11.

Premium Brands (TSE:PBH) last released 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 during the quarter. Premium Brands had a net margin of 0.52% and a return on equity of 2.21%. On average, equities research analysts forecast 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.