Premium Brands (TSE:PBH) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Premium Brands Holdings Co. (TSE:PBH)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$90.21 and traded as low as C$80.35. Premium Brands shares last traded at C$80.70, with a volume of 310,694 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PBH shares. Canadian Imperial Bank of Commerce cut their price objective on shares of Premium Brands from C$115.00 to C$100.00 and set a “strong-buy” rating on the stock in a research note on Friday, August 7th. Scotia decreased their target price on Premium Brands from C$110.00 to C$105.00 and set a “sector outperform” rating on the stock in a report on Friday, August 7th. Desjardins dropped their price target on Premium Brands from C$120.00 to C$110.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. BMO Capital Markets cut their price objective on Premium Brands from C$118.00 to C$111.00 in a report on Friday, August 7th. Finally, National Bank Financial reduced their price objective on shares of Premium Brands from C$108.00 to C$98.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Premium Brands currently has an average rating of “Buy” and a consensus target price of C$116.25.

Premium Brands Stock Performance

The company has a quick ratio of 1.16, a current ratio of 1.36 and a debt-to-equity ratio of 153.93. The stock has a market cap of C$4.23 billion, a P/E ratio of 49.59, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The firm’s 50-day moving average is C$87.34 and its two-hundred day moving average is C$90.12.

Premium Brands (TSE:PBH) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.53 EPS for the quarter. Premium Brands had a net margin of 1.01% and a return on equity of 4.19%. The company had revenue of C$2.38 billion for the quarter. As a group, research analysts expect that Premium Brands Holdings Co. will post 6.039823 EPS 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.