What’s Propelling Premium Brands Holdings Corp to Decline So Much?

 What's Propelling Premium Brands Holdings Corp to Decline So Much?

The stock of Premium Brands Holdings Corp (TSE:PBH) is a huge mover today! About 24,734 shares traded hands. Premium Brands Holdings Corp (TSE:PBH) has risen 36.47% since March 10, 2016 and is uptrending. It has outperformed by 30.86% the S&P500.
The move comes after 5 months negative chart setup for the $2.00B company. It was reported on Oct, 17 by Barchart.com. We have $59.68 PT which if reached, will make TSE:PBH worth $180.00M less.

Premium Brands Holdings Corp (TSE:PBH) Ratings Coverage

Out of 5 analysts covering Premium Brands (TSE:PBH), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $77 is the highest target while $35 is the lowest. The $67.20 average target is 2.47% above today’s ($65.58) stock price. Premium Brands has been the topic of 19 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Action List Buy” rating given on Thursday, August 11 by TD Securities. The stock of Premium Brands Holdings Corp (TSE:PBH) has “Sector Perform” rating given on Friday, August 7 by Scotia Capital. The stock of Premium Brands Holdings Corp (TSE:PBH) has “Buy” rating given on Monday, October 19 by TD Securities.

More notable recent Premium Brands Holdings Corp (TSE:PBH) news were published by: Finance.Yahoo.com which released: “Premium Brands Holdings Corporation announces the acquisition of Ontario based …” on October 13, 2016, also Bloomberg.com with their article: “Starbucks Breakfast Sandwiches Has Premium Brands Adding Plants” published on May 26, 2015, Marketwired.com published: “Premium Brands Holdings Corporation Announces the Acquisition of C&C, the …” on March 22, 2016. More interesting news about Premium Brands Holdings Corp (TSE:PBH) were released by: Seekingalpha.com and their article: “Premium Brands Holdings: Growth Story Financed By Shareholders” published on July 22, 2016 as well as Marketwired.com‘s news article titled: “Premium Brands Holdings Corporation Announces Completion of $86250000 …” with publication date: April 12, 2016.

Premium Brands Holdings Corp is a Canada producer, marketer and distributor of specialty food products. The company has a market cap of $2.00 billion. The Firm owns a range of specialty food manufacturing and food distribution businesses with activities in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, Ohio and Washington State. It has a 34.51 P/E ratio. The Company’s divisions include Specialty Foods and Premium Food Distribution, as well as corporate costs .

PBH Company Profile

Prestige Brands Holdings, Inc., incorporated on June 24, 2004, is engaged in the marketing, sales and distribution of over-the-counter healthcare and household cleaning products to mass merchandisers, drug stores, supermarkets, and club, convenience, and dollar stores in North America (the United States and Canada) and in Australia, and certain other international markets. The Firm operates through three divisions: North American Over-the-Counter (OTC) Healthcare; International Over-the-Counter Healthcare, and Household Cleaning.

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