Analysts Set Premium Brands Holdings Co. (TSE:PBH) Price Target at C$118.62

Shares of Premium Brands Holdings Co. (TSE:PBH) have received an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$118.62.

A number of research firms have issued reports on PBH. National Bank Financial decreased their price objective on Premium Brands from C$115.00 to C$108.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Canadian Imperial Bank of Commerce boosted their target price on shares of Premium Brands from C$110.00 to C$115.00 in a report on Friday, May 8th. Stifel Nicolaus upped their target price on shares of Premium Brands from C$112.00 to C$117.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Ventum Financial set a C$124.00 price target on shares of Premium Brands and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Scotia lifted their price target on shares of Premium Brands from C$100.00 to C$110.00 and gave the company a “sector outperform” rating in a research report on Friday, May 8th.

Premium Brands Stock Performance

Premium Brands stock opened at C$85.67 on Friday. Premium Brands has a fifty-two week low of C$80.90 and a fifty-two week high of C$106.79. The stock’s 50 day simple moving average is C$87.19 and its two-hundred day simple moving average is C$92.56. The company has a debt-to-equity ratio of 163.05, a quick ratio of 1.16 and a current ratio of 1.28. The stock has a market cap of C$4.45 billion, a price-to-earnings ratio of 95.19, a PEG ratio of 1.10 and a beta of 0.90.

Premium Brands (TSE:PBH) last announced its earnings results on Thursday, May 7th. The company reported C$0.83 earnings per share (EPS) for the quarter. The firm had revenue of C$2.05 billion during the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%. As a group, analysts expect that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

About Premium Brands

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company’s business segments include Specialty Foods, Premium Food Distribution, and Corporate. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company’s distribution and wholesale businesses; the Corporate segment includes the company’s head office activities along with its finance and information systems.