What’s Premium Brands Holdings Corp Upside After Reaching 52-Week High?

 What's Premium Brands Holdings Corp Upside After Reaching 52 Week High?

The stock of Premium Brands Holdings Corp (TSE:PBH) hit a new 52-week high and has $75.59 target or 6.00% above today’s $71.31 share price. The 9 months bullish chart indicates low risk for the $2.10B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $75.59 price target is reached, the company will be worth $126.00 million 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 11,297 shares traded hands. Premium Brands Holdings Corp (TSE:PBH) has risen 23.91% since April 27, 2016 and is uptrending. It has outperformed by 17.98% 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 -5.20% below today’s ($71.31) stock price. Premium Brands has been the topic of 21 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Action List Buy” rating given by TD Securities on Thursday, August 11. TD Securities initiated Premium Brands Holdings Corp (TSE:PBH) rating on Monday, October 19. TD Securities has “Buy” rating and $42 price target. The firm has “Sector Perform” rating by Scotia Capital given on Friday, August 7. On Friday, November 4 the stock rating was maintained by Scotia Capital with “Sector Perform”.

More important recent Premium Brands Holdings Corp (TSE:PBH) news were published by: Reuters.com which released: “BRIEF-Premium brands holdings corporation announces acquisition of Island …” on December 01, 2016, also Reuters.com published article titled: “BRIEF-Premium Brands Holdings Corp announces $100 mln financing of convert…”, Reuters.com published: “BRIEF-Premium Brands Holdings Corp Q3 earnings per share c$0.72” on November 01, 2016. More interesting news about Premium Brands Holdings Corp (TSE:PBH) was released by: Marketwired.com and their article: “Premium Brands Holdings Corporation Announces $100000000 Financing of …” with publication date: November 15, 2016.

Premium Brands Holdings Corp is a Canada producer, marketer and distributor of specialty food products. The company has a market cap of $2.10 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 32.01 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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