Premium Brands (TSE:PBH) Share Price Passes Below 200-Day Moving Average – Here’s Why

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$85.37 and traded as low as C$74.05. Premium Brands shares last traded at C$75.37, with a volume of 61,304 shares.

Analyst Ratings Changes

Several equities research analysts have recently commented on PBH shares. National Bankshares increased their price objective on Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. TD Securities decreased their price objective on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. BMO Capital Markets dropped their target price on shares of Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. Raymond James set a C$100.00 price target on Premium Brands and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, CIBC dropped their price objective on Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$103.11.

Premium Brands Trading Up 1.1 %

The company has a market cap of C$3.35 billion, a P/E ratio of 29.67, a PEG ratio of 1.10 and a beta of 0.98. The business has a fifty day moving average price of C$79.24 and a 200-day moving average price of C$85.37. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28.

Insider Transactions at Premium Brands

In other news, Director Johnny Ciampi acquired 2,000 shares of the stock in a transaction on Friday, November 29th. The shares were purchased at an average price of C$78.78 per share, for a total transaction of C$157,560.00. Corporate insiders own 2.01% of the company’s stock.

About Premium Brands

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, pizza, and baking and sushi products.