A Reversal for Premium Brands Holdings Corp Is Not Near. The Stock Reaches 52-Week High Today

 A Reversal for Premium Brands Holdings Corp Is Not Near. The Stock Reaches 52 Week High Today

The stock of Premium Brands Holdings Corp (TSE:PBH) hit a new 52-week high and has $104.14 target or 55.00% above today’s $67.19 share price. The 9 months bullish chart indicates low risk for the $2.04 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $104.14 price target is reached, the company will be worth $1.12 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 7,463 shares traded hands. Premium Brands Holdings Corp (TSE:PBH) has risen 22.25% since April 5, 2016 and is uptrending. It has outperformed by 17.47% the S&P500.

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. $80 is the highest target while $35 is the lowest. The $67.60 average target is 0.61% above today’s ($67.19) stock price. Premium Brands has been the topic of 21 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by Scotia Capital on Friday, August 7. The stock of Premium Brands Holdings Corp (TSE:PBH) has “Buy” rating given on Monday, October 19 by TD Securities. The rating was maintained by Scotia Capital with “Sector Perform” on Friday, November 4. TD Securities maintained the shares of PBH in a report on Thursday, August 11 with “Action List Buy” rating.

More news for Premium Brands Holdings Corp (TSE:PBH) were recently published by: Reuters.com, which released: “BRIEF-Premium Brands Holdings Corp Q3 earnings per share c$0.72” on November 03, 2016. Bloomberg.com‘s article titled: “Starbucks Breakfast Sandwiches Has Premium Brands Adding Plants” and published on May 26, 2015 is yet another important article.

Premium Brands Holdings Corp is a Canada producer, marketer and distributor of specialty food products. The company has a market cap of $2.04 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 30.16 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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