Premium Brands Holdings Co. (TSE:PBH - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$85.37 and traded as low as C$74.05. Premium Brands shares last traded at C$75.37, with a volume of 61,304 shares traded.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on PBH shares. Stifel Nicolaus decreased their target price on Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. National Bankshares lifted their target price on Premium Brands from C$101.00 to C$109.00 and gave the stock a "sector perform" rating in a report on Thursday, October 24th. CIBC lowered their price target on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Royal Bank of Canada lowered their price target on Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th. Finally, Raymond James set a C$100.00 price target on Premium Brands and gave the company an "outperform" rating in a report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$103.11.
Check Out Our Latest Analysis on PBH
Premium Brands Stock Up 0.8 %
The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. The firm has a market cap of C$3.40 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 1.10 and a beta of 0.98. The firm has a 50-day moving average of C$78.69 and a two-hundred day moving average of C$84.99.
Insider Activity at Premium Brands
In other news, Director Johnny Ciampi purchased 2,000 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were purchased at an average cost of C$78.78 per share, for a total transaction of C$157,560.00. Corporate insiders own 2.01% of the company's stock.
About Premium Brands
(
Get Free Report)
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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