Premium Brands (TSE:PBH) Stock Price Passes Below 200 Day Moving Average of $90.65

Premium Brands Holdings Corp (TSE:PBH) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $90.65 and traded as low as $86.12. Premium Brands shares last traded at $87.19, with a volume of 51,445 shares traded.

PBH has been the topic of several research reports. TD Securities reduced their price target on shares of Premium Brands from C$110.00 to C$100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Royal Bank of Canada cut shares of Premium Brands from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$102.00 to C$88.00 in a research report on Tuesday, November 12th. Cormark boosted their price objective on shares of Premium Brands from C$97.00 to C$106.00 in a research report on Wednesday, August 14th. Finally, CIBC cut their price objective on shares of Premium Brands from C$94.00 to C$81.00 in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$95.00.

The company has a debt-to-equity ratio of 118.33, a current ratio of 1.61 and a quick ratio of 0.78. The firm has a market cap of $3.27 billion and a P/E ratio of 35.38. The stock’s 50-day simple moving average is C$87.78 and its two-hundred day simple moving average is C$90.65.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.525 per share. This is a boost from Premium Brands’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, December 30th. This represents a $2.10 dividend on an annualized basis and a yield of 2.41%. Premium Brands’s payout ratio is 83.20%.

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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