Premium Brands Holdings Corp Surges to All-Time High, Is Now Top Performer

 Premium Brands Holdings Corp Surges to All Time High, Is Now Top Performer

The stock of Premium Brands Holdings Corp (TSE:PBH) reached all time high today, Nov, 21 and still has $84.32 target or 24.00% above today’s $68.00 share price. This indicates more upside for the $2.13B company. This technical setup was reported by Barchart.com. If the $84.32 PT is reached, the company will be worth $511.20 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 34,509 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 -0.59% below today’s ($68) stock price. Premium Brands has been the topic of 21 analyst reports since July 29, 2015 according to StockzIntelligence Inc. TD Securities maintained it with “Action List Buy” rating and $75 target price in Thursday, August 11 report. The stock of Premium Brands Holdings Corp (TSE:PBH) earned “Sector Perform” rating by Scotia Capital on Friday, November 4. Scotia Capital maintained the shares of PBH in a report on Friday, August 7 with “Sector Perform” rating. The company was initiated on Monday, October 19 by TD Securities.

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 30.52 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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