What’s Premium Brands Holdings Corp Downside After Today’s Huge Decline?

 What's Premium Brands Holdings Corp Downside After Today's Huge Decline?

The stock of Premium Brands Holdings Corp (TSE:PBH) is a huge mover today! About 21,387 shares traded hands. Premium Brands Holdings Corp (TSE:PBH) has risen 26.01% since April 26, 2016 and is uptrending. It has outperformed by 20.78% the S&P500.
The move comes after 5 months negative chart setup for the $2.13 billion company. It was reported on Nov, 30 by Barchart.com. We have $65.40 PT which if reached, will make TSE:PBH worth $149.10 million 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. $80 is the highest target while $35 is the lowest. The $67.60 average target is -3.87% below today’s ($70.32) stock price. Premium Brands has been the topic of 21 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the stock with “Sector Perform” rating in Friday, August 7 report. As per Thursday, August 11, the company rating was maintained by TD Securities. TD Securities initiated Premium Brands Holdings Corp (TSE:PBH) rating on Monday, October 19. TD Securities has “Buy” rating and $42 price target. Scotia Capital maintained the stock with “Sector Perform” rating in Friday, November 4 report.

More notable recent Premium Brands Holdings Corp (TSE:PBH) news were published by: Reuters.com which released: “BRIEF-Premium Brands Holdings Corp announces $100 mln financing of convert…” on November 15, 2016, also Reuters.com with their article: “BRIEF-Premium Brands Holdings Corp Q3 earnings per share c$0.72” published on November 01, 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: Marketwired.com and their article: “Premium Brands Holdings Corporation Announces $100000000 Financing of …” published on November 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 31.56 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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