Premium Brands (TSE:PBH) Stock Passes Above 200 Day Moving Average of $89.17

Shares of Premium Brands Holdings Co. (TSE:PBH – Get Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$89.17 and traded as high as C$102.11. Premium Brands shares last traded at C$101.61, with a volume of 28,397 shares.

Analyst Ratings Changes

PBH has been the topic of a number of research reports. National Bankshares raised their target price on shares of Premium Brands from C$122.00 to C$124.00 and gave the company an “outperform” rating in a research report on Thursday, February 9th. Royal Bank of Canada cut their target price on shares of Premium Brands from C$112.00 to C$107.00 and set a “sector perform” rating on the stock in a research report on Friday, November 4th. TD Securities raised their target price on shares of Premium Brands from C$115.00 to C$120.00 and gave the company a “buy” rating in a research report on Monday, February 13th. CIBC raised their target price on shares of Premium Brands from C$87.00 to C$99.00 and gave the company a “neutral” rating in a research report on Tuesday, February 14th. Finally, BMO Capital Markets initiated coverage on shares of Premium Brands in a research report on Friday, November 4th. They set a “buy” rating and a C$117.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$118.67.

Premium Brands Stock Performance

The business’s 50-day moving average price is C$92.14 and its 200-day moving average price is C$89.17. The stock has a market cap of C$4.55 billion, a PE ratio of 26.81, a P/E/G ratio of 1.10 and a beta of 0.99. The company has a current ratio of 2.65, a quick ratio of 1.16 and a debt-to-equity ratio of 137.53.

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 meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entrees, panini, wraps, subs, hamburgers, burgers, muffins, breads, pastas, and baking and sushi products, as well as processed meat products and ready-to-eat meals.