Premium Brands Holdings Co. (TSE:PBH) Stock Now Rated “Buy” by Wall Street Brokerages

Shares of Premium Brands Holdings Co. (TSE:PBH) have been assigned an average rating of “Buy” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$115.25.

PBH has been the topic of a number of recent research reports. Canaccord Genuity Group decreased their target price on Premium Brands from C$123.00 to C$117.00 in a research report on Friday, August 7th. Ventum Capital set a C$127.00 price objective on Premium Brands and gave the stock a “buy” rating in a research report on Wednesday, October 21st. BMO Capital Markets decreased their price objective on Premium Brands from C$118.00 to C$111.00 in a report on Friday, August 7th. Desjardins lowered their price objective on Premium Brands from C$120.00 to C$110.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, ATB Cormark Capital Markets lowered their price objective on Premium Brands from C$150.00 to C$130.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th.

Premium Brands Price Performance

TSE:PBH opened at C$77.93 on Thursday. The company has a debt-to-equity ratio of 153.93, a current ratio of 1.36 and a quick ratio of 1.16. Premium Brands has a one year low of C$69.10 and a one year high of C$106.79. The company has a fifty day moving average price of C$73.99 and a 200 day moving average price of C$85.80. The stock has a market cap of C$4.05 billion, a P/E ratio of 47.52, a PEG ratio of 1.10 and a beta of 0.83.

Premium Brands (TSE:PBH) last posted its quarterly earnings results on Thursday, November 5th. The company reported C$1.38 earnings per share (EPS) 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 for the quarter. Analysts anticipate that Premium Brands will post 6.04 earnings per share for the current year.

About Premium Brands

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