Premium Brands (TSE:PBH) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Premium Brands Holdings Co. (TSE:PBH) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$92.82 and traded as low as C$84.62. Premium Brands shares last traded at C$85.00, with a volume of 127,527 shares traded.

Analyst Ratings Changes

A number of analysts have commented on the company. Scotiabank decreased their price objective on Premium Brands from C$120.00 to C$100.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Ventum Capital raised their target price on Premium Brands from C$124.00 to C$128.00 and gave the company a “buy” rating in a report on Friday, May 8th. Stifel Nicolaus lifted their target price on Premium Brands from C$112.00 to C$117.00 and gave the company a “buy” rating in a research report on Friday, May 8th. TD Securities decreased their price target on 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. Finally, National Bank Financial lowered their price target on Premium Brands from C$115.00 to C$108.00 and set a “sector perform” rating for the company in a research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$118.62.

Premium Brands Stock Performance

The company’s 50 day simple moving average is C$87.11 and its 200 day simple moving average is C$92.76. The company has a debt-to-equity ratio of 163.05, a quick ratio of 1.16 and a current ratio of 1.28. The stock has a market cap of C$4.43 billion, a PE ratio of 94.70, a price-to-earnings-growth ratio of 1.10 and a beta of 0.88.

Premium Brands (TSE:PBH) last released its earnings results on Thursday, May 7th. The company reported C$0.83 earnings per share (EPS) for the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%.The company had revenue of C$2.05 billion during the quarter. Analysts expect that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current year.

Premium Brands Company Profile

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.