Premium Brands Holdings Co. (TSE:PBH) Given Average Recommendation of “Buy” by Analysts

Premium Brands Holdings Co. (TSE:PBH) has been assigned an average rating of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$121.64.

Several analysts have issued reports on the company. Desjardins set a C$120.00 price objective on Premium Brands and gave the company a “buy” rating in a research note on Friday. Royal Bank Of Canada upped their price target on Premium Brands from C$108.00 to C$118.00 in a research report on Tuesday, November 4th. BMO Capital Markets raised their price objective on Premium Brands from C$111.00 to C$125.00 in a research note on Thursday. Raymond James Financial boosted their target price on shares of Premium Brands from C$115.00 to C$125.00 in a research note on Thursday. Finally, TD Securities increased their target price on shares of Premium Brands from C$145.00 to C$160.00 in a report on Thursday.

Premium Brands Price Performance

Shares of PBH stock opened at C$100.90 on Monday. The firm has a fifty day moving average of C$95.62 and a two-hundred day moving average of C$91.30. The firm has a market cap of C$4.51 billion, a P/E ratio of 68.64, a P/E/G ratio of 1.10 and a beta of 0.38. Premium Brands has a 1-year low of C$72.57 and a 1-year high of C$103.89. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16.

Premium Brands (TSE:PBH) last issued its earnings results on Monday, November 10th. The company reported C$1.27 earnings per share (EPS) for the quarter. The business had revenue of C$1.99 billion for the quarter. Premium Brands had a net margin of 1.55% and a return on equity of 5.66%. As a group, research analysts anticipate that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Company Profile

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.