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

Premium Brands Holdings Co. (TSE:PBH) has earned an average recommendation of “Buy” from the fourteen ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$116.25.

Several brokerages recently commented on PBH. Ventum reduced their target price on shares of Premium Brands from C$128.00 to C$127.00 and set a “buy” rating for the company in a report on Friday, August 7th. BMO Capital Markets cut their price target on shares of Premium Brands from C$118.00 to C$111.00 in a research report on Friday, August 7th. Scotia cut their price target on shares of Premium Brands from C$110.00 to C$105.00 and set a “sector outperform” rating on the stock in a research report on Friday, August 7th. Desjardins reduced their price objective on shares of Premium Brands from C$120.00 to C$110.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Royal Bank Of Canada decreased their price objective on Premium Brands from C$131.00 to C$120.00 and set an “outperform” rating for the company in a report on Friday, August 7th.

Premium Brands Trading Down 0.1%

TSE PBH opened at C$75.79 on Wednesday. The stock has a market capitalization of C$3.94 billion, a price-to-earnings ratio of 46.21, a PEG ratio of 1.10 and a beta of 0.77. The stock’s 50 day moving average price is C$83.26 and its two-hundred day moving average price is C$85.95. The company has a debt-to-equity ratio of 153.93, a quick ratio of 1.16 and a current ratio of 1.36. Premium Brands has a 52 week low of C$75.40 and a 52 week high of C$106.79.

Premium Brands (TSE:PBH) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share for the quarter. Premium Brands had a net margin of 1.01% and a return on equity of 4.19%. The company had revenue of C$2.38 billion during the quarter. As a group, analysts anticipate that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Company Profile

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.