Premium Brands Holdings Co. (TSE:PBH – Get Free Report)’s stock price 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 trading hands.
Analyst Upgrades and Downgrades
PBH has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce increased their target price on Premium Brands from C$110.00 to C$115.00 in a research note on Friday, May 8th. BMO Capital Markets dropped their price target on shares of Premium Brands from C$125.00 to C$116.00 in a research note 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. Desjardins set a C$120.00 price objective on shares of Premium Brands and gave the company a “buy” rating in a research note on Friday, March 20th. Finally, Royal Bank Of Canada raised their price objective on shares of Premium Brands from C$129.00 to C$131.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$118.62.
Read Our Latest Stock Report on PBH
Premium Brands Stock Performance
Premium Brands (TSE:PBH – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.83 earnings per share for the quarter. Premium Brands had a net margin of 0.52% and a return on equity of 2.21%. The company had revenue of C$2.05 billion for the quarter. As a group, 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.
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