Could Premium Brands Holdings Corp Change Direction After Reaching All-Time High?

 Could Premium Brands Holdings Corp Change Direction After Reaching All Time High?

The stock of Premium Brands Holdings Corp (TSE:PBH) reached all time high today, Nov, 9 and still has $91.80 target or 35.00% above today’s $68.00 share price. This indicates more upside for the $2.07 billion company. This technical setup was reported by Barchart.com. If the $91.80 PT is reached, the company will be worth $724.50 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 52,908 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 -0.59% below today’s ($68) stock price. Premium Brands has been the topic of 21 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Scotia Capital maintained Premium Brands Holdings Corp (TSE:PBH) on Friday, August 7 with “Sector Perform” rating. The firm has “Sector Perform” rating given on Friday, November 4 by Scotia Capital. The rating was maintained by TD Securities on Thursday, August 11 with “Action List Buy”. As per Monday, October 19, the company rating was initiated by TD Securities.

More news for Premium Brands Holdings Corp (TSE:PBH) were recently published by: Bloomberg.com, which released: “Starbucks Breakfast Sandwiches Has Premium Brands Adding Plants” on May 26, 2015. Marketwired.com‘s article titled: “Premium Brands Holdings Corporation Announces the Acquisition of C&C, the …” and published on March 22, 2016 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 $2.07 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 30.52 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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