Premium Brands Holdings Corp Just Reaches 52-Week High?

 Premium Brands Holdings Corp Just Reaches 52 Week High?

The stock of Premium Brands Holdings Corp (TSE:PBH) hit a new 52-week high and has $101.38 target or 49.00% above today’s $68.04 share price. The 8 months bullish chart indicates low risk for the $2.13 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $101.38 price target is reached, the company will be worth $1.04B 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 33,394 shares traded hands. Premium Brands Holdings Corp (TSE:PBH) has risen 16.89% since April 15, 2016 and is uptrending. It has outperformed by 13.03% 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 -0.65% below today’s ($68.04) stock price. Premium Brands has been the topic of 21 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was initiated by TD Securities on Monday, October 19 with “Buy”. On Friday, November 4 the stock rating was maintained by Scotia Capital with “Sector Perform”. 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. TD Securities maintained it with “Action List Buy” rating and $75 target price in Thursday, August 11 report.

More notable 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 Marketwired.com with their article: “Premium Brands Holdings Corporation Announces $100000000 Financing of …” published on November 15, 2016, 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) were released by: Finance.Yahoo.com and their article: “Premium Brands Holdings Corporation Announces Acquisition of the US Operations …” published on August 15, 2016 as well as Finance.Yahoo.com‘s news article titled: “Premium Brands Holdings Corporation Announces Third Quarter 2016 Conference Call” with publication date: October 26, 2016.

Premium Brands Holdings Corp is a Canada producer, marketer and distributor of specialty food products. The company has a market cap of $2.13 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 30.54 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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