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

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

The stock of Premium Brands Holdings Corp (TSE:PBH) is a huge mover today! About 27,161 shares traded hands. Premium Brands Holdings Corp (TSE:PBH) has risen 16.93% since March 31, 2016 and is uptrending. It has outperformed by 15.84% the S&P500.
The move comes after 7 months positive chart setup for the $1.93B company. It was reported on Nov, 4 by Barchart.com. We have $100.58 PT which if reached, will make TSE:PBH worth $1.02B more.

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 2.22% above today’s ($65.74) 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. Scotia Capital maintained the shares of PBH in a report on Friday, August 7 with “Sector Perform” rating. The stock has “Buy” rating given by TD Securities on Monday, October 19.

More recent Premium Brands Holdings Corp (TSE:PBH) news were published by: Reuters.com which released: “BRIEF-Premium Brands Holdings Corp Q3 earnings per share c$0.72” on November 03, 2016. Also Bloomberg.com published the news titled: “Starbucks Breakfast Sandwiches Has Premium Brands Adding Plants” on May 26, 2015. 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 $1.93 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 34.59 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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