Premium Brands (TSE:PBH) Stock Passes Below 200 Day Moving Average of $129.73

Premium Brands Holdings Co. (TSE:PBH) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$129.73 and traded as low as C$120.50. Premium Brands shares last traded at C$121.89, with a volume of 40,032 shares traded.

Several research analysts have weighed in on PBH shares. Cormark increased their price target on shares of Premium Brands from C$155.00 to C$160.00 in a research report on Tuesday, November 9th. TD Securities increased their price target on shares of Premium Brands from C$150.00 to C$160.00 and gave the stock a “buy” rating in a research report on Friday, November 5th. BMO Capital Markets raised their price objective on shares of Premium Brands from C$149.00 to C$156.00 and gave the company a “na” rating in a research report on Friday, November 5th. CIBC raised their price objective on shares of Premium Brands from C$129.00 to C$135.00 and gave the company a “neutral” rating in a research report on Monday, November 8th. Finally, National Bank Financial raised their price objective on shares of Premium Brands to C$155.00 and gave the company an “outperform” rating in a research report on Friday, November 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Premium Brands presently has an average rating of “Buy” and an average price target of C$148.00.

The company has a market capitalization of C$5.30 billion and a PE ratio of 44.44. The company’s 50 day moving average is C$127.54 and its two-hundred day moving average is C$129.73. The company has a quick ratio of 0.92, a current ratio of 1.90 and a debt-to-equity ratio of 109.58.

Premium Brands (TSE:PBH) last posted its earnings results on Thursday, November 4th. The company reported C$1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.36 by C($0.03). The company had revenue of C$1.34 billion for the quarter, compared to the consensus estimate of C$1.32 billion. Analysts forecast that Premium Brands Holdings Co. will post 5.6000002 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 17th. Investors of record on Friday, December 31st will be paid a dividend of $0.635 per share. This represents a $2.54 annualized dividend and a yield of 2.08%. This is a boost from Premium Brands’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, December 30th. Premium Brands’s dividend payout ratio (DPR) is presently 90.50%.

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, entrees, panini, wraps, subs, hamburgers, burgers, muffins, breads, pastas, and baking and sushi products, as well as processed meat products.

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