Premium Brands Holdings Co. (TSE:PBH) Receives Average Rating of “Buy” from Analysts

Shares of Premium Brands Holdings Co. (TSE:PBH) have been given an average rating of “Buy” by the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating 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 equities research analysts have weighed in on PBH shares. Ventum Capital lifted their price target on shares of Premium Brands from C$124.00 to C$128.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Scotiabank dropped their price target on shares of Premium Brands from C$120.00 to C$100.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Desjardins set a C$120.00 price target on shares of Premium Brands and gave the company a “buy” rating in a research report on Friday, March 20th. National Bank Financial dropped their price target on shares of Premium Brands from C$115.00 to C$108.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Finally, Raymond James Financial dropped their price objective on shares of Premium Brands from C$125.00 to C$115.00 and set an “outperform” rating for the company in a report on Friday, March 20th.

Premium Brands Price Performance

Shares of PBH opened at C$89.96 on Thursday. Premium Brands has a 1-year low of C$78.53 and a 1-year high of C$106.79. The stock has a market cap of C$4.68 billion, a PE ratio of 99.96, a P/E/G ratio of 1.10 and a beta of 0.80. The firm has a 50-day simple moving average of C$86.54 and a two-hundred day simple moving average of C$94.29. The company has a debt-to-equity ratio of 163.05, a current ratio of 1.28 and a quick ratio of 1.16.

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