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 50,029 shares traded hands. Premium Brands Holdings Corp (TSE:PBH) has risen 15.42% since April 8, 2016 and is uptrending. It has outperformed by 10.44% the S&P500.
The move comes after 6 months negative chart setup for the $1.91B company. It was reported on Nov, 14 by Barchart.com. We have $58.44 PT which if reached, will make TSE:PBH worth $171.90M 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. 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) rating on Friday, August 7. Scotia Capital has “Sector Perform” rating and $36.50 price target. The company was maintained on Friday, November 4 by Scotia Capital. The firm has “Buy” rating given on Monday, October 19 by TD Securities. TD Securities maintained the stock with “Action List Buy” rating in Thursday, August 11 report.

More important 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 01, 2016, also Finance.Yahoo.com published article titled: “Premium Brands Holdings Corporation Announces Acquisition of the US Operations …”, Bloomberg.com published: “Starbucks Breakfast Sandwiches Has Premium Brands Adding Plants” on May 26, 2015. More interesting news about Premium Brands Holdings Corp (TSE:PBH) was released by: Marketwired.com and their article: “Premium Brands Holdings Corporation Announces the Acquisition of C&C, the …” with publication date: March 22, 2016.

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 28.82 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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