Premium Brands (TSE:PBH) Stock Passes Below Two Hundred Day Moving Average of $0.00

Premium Brands Holdings Corp (TSE:PBH) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as low as $96.66. Premium Brands shares last traded at $97.29, with a volume of 37,869 shares traded.

PBH has been the topic of several analyst reports. National Bank Financial cut their target price on shares of Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. TD Securities raised their price objective on shares of Premium Brands from C$93.00 to C$96.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. CIBC initiated coverage on shares of Zoom Video Communications in a report on Friday, May 24th. They set a “market perform” rating on the stock. Royal Bank of Canada dropped their price objective on shares of Snc-Lavalin Group from C$40.00 to C$34.00 and set an “outperform” rating on the stock in a report on Tuesday, July 23rd. Finally, Desjardins upgraded shares of Premium Brands from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$83.00 to C$103.00 in a report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Premium Brands presently has an average rating of “Buy” and a consensus target price of C$96.11.

The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 187.13. The company has a fifty day simple moving average of C$92.03. The company has a market cap of $3.61 billion and a price-to-earnings ratio of 33.82.

Premium Brands (TSE:PBH) last issued its quarterly earnings data on Monday, May 13th. The company reported C$0.52 EPS for the quarter, topping analysts’ consensus estimates of C$0.47 by C$0.05. The company had revenue of C$776.60 million for the quarter, compared to analyst estimates of C$801.50 million. As a group, equities research analysts predict that Premium Brands Holdings Corp will post 4.6300002 earnings per share for the current fiscal year.

In other Premium Brands news, Senior Officer Douglas Owen Goss bought 560 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average price of C$85.54 per share, with a total value of C$47,902.40. Following the completion of the transaction, the insider now owns 33,541 shares in the company, valued at C$2,869,097.14.

Premium Brands Company Profile (TSE:PBH)

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 meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, and baking and sushi products.

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