Premium Brands (TSE:PBH) Shares Pass Below Two Hundred Day Moving Average of $92.80

Premium Brands Holdings Co. (TSE:PBHGet Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$92.80 and traded as low as C$87.34. Premium Brands shares last traded at C$88.70, with a volume of 153,711 shares trading hands.

Wall Street Analysts Forecast Growth

PBH has been the subject of a number of analyst reports. CIBC dropped their price objective on Premium Brands from C$102.00 to C$97.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. BMO Capital Markets decreased their target price on Premium Brands from C$117.00 to C$115.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Pi Financial restated a “buy” rating and set a C$111.00 target price on shares of Premium Brands in a report on Thursday, December 7th. Desjardins decreased their price objective on Premium Brands from C$110.00 to C$105.00 and set a “buy” rating for the company in a report on Monday, March 18th. Finally, TD Securities decreased their price objective on Premium Brands from C$130.00 to C$120.00 and set a “buy” rating for the company in a report on Monday, March 18th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$111.50.

View Our Latest Stock Report on PBH

Premium Brands Stock Performance

The stock has a market capitalization of C$3.94 billion, a PE ratio of 42.04, a PEG ratio of 1.10 and a beta of 1.03. The business has a 50 day moving average price of C$91.00 and a 200 day moving average price of C$92.80. The company has a debt-to-equity ratio of 149.12, a current ratio of 2.08 and a quick ratio of 1.16.

Premium Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.85 per share. The ex-dividend date is Wednesday, March 27th. This is a boost from Premium Brands’s previous quarterly dividend of $0.77. This represents a $3.40 annualized dividend and a dividend yield of 3.83%. Premium Brands’s dividend payout ratio (DPR) is 161.14%.

Premium Brands Company Profile

(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, and baking and sushi products.

Featured Stories

Receive News & Ratings for Premium Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premium Brands and related companies with MarketBeat.com's FREE daily email newsletter.