What’s Next for Premium Brands Holdings Corp After Today’s Huge Decline?

 What's Next for Premium Brands Holdings Corp After Today's Huge Decline?

The stock of Premium Brands Holdings Corp (TSE:PBH) is a huge mover today! About 34,398 shares traded hands. Premium Brands Holdings Corp (TSE:PBH) has risen 23.66% since March 28, 2016 and is uptrending. It has outperformed by 20.65% the S&P500.
The move comes after 7 months negative chart setup for the $1.91 billion company. It was reported on Nov, 1 by Barchart.com. We have $58.93 PT which if reached, will make TSE:PBH worth $152.80M 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 4.92% above today’s ($64.05) stock price. Premium Brands has been the topic of 19 analyst reports since July 29, 2015 according to StockzIntelligence Inc. TD Securities maintained it with “Action List Buy” rating and $75 target price in Thursday, August 11 report. The rating was maintained by Scotia Capital with “Sector Perform” on Friday, August 7. TD Securities initiated the stock with “Buy” rating in Monday, October 19 report.

More recent Premium Brands Holdings Corp (TSE:PBH) news were published by: Bloomberg.com which released: “Starbucks Breakfast Sandwiches Has Premium Brands Adding Plants” on May 26, 2015. Also Finance.Yahoo.com published the news titled: “Premium Brands Holdings Corporation announces the acquisition of Ontario based …” on October 13, 2016. Marketwired.com‘s news article titled: “Premium Brands Holdings Corporation Announces the Acquisition of C&C, the …” with publication date: March 22, 2016 was also an interesting one.

Premium Brands Holdings Corp is a Canada producer, marketer and distributor of specialty food products. The company has a market cap of $1.91 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 33.7 P/E ratio. The Company’s divisions include Specialty Foods and Premium Food Distribution, as well as corporate costs .

PBH.TO Company Profile

Premium Brands Holdings Corporation, incorporated on March 14, 2007, through its subsidiaries, owns a range of specialty food manufacturing and premium food distribution and wholesale businesses with activities in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, Ohio and Washington State. The Company’s divisions include Specialty Foods and Premium Food Distribution, as well as corporate costs (Corporate). The Firm services a range of clients located across North America. The Firm services over 22,000 customers.

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