Premium Brands Holdings Co. (TSE:PBH - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$84.12 and traded as low as C$77.56. Premium Brands shares last traded at C$78.34, with a volume of 64,430 shares trading hands.
Analysts Set New Price Targets
PBH has been the subject of several analyst reports. Stifel Nicolaus cut their price target on shares of Premium Brands from C$106.00 to C$101.00 in a research report on Thursday, November 7th. CIBC lowered their price objective on shares of Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. TD Securities lowered their price objective on shares of Premium Brands from C$129.00 to C$120.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. BMO Capital Markets lowered their price objective on shares of Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Finally, Royal Bank of Canada lowered their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$101.67.
Check Out Our Latest Stock Report on Premium Brands
Premium Brands Trading Down 2.2 %
The company has a market capitalization of C$3.46 billion, a P/E ratio of 34.60, a P/E/G ratio of 1.10 and a beta of 0.98. The stock's 50 day moving average is C$78.35 and its 200-day moving average is C$83.98. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16.
About Premium Brands
(
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Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.
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