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

Shares of Premium Brands Holdings Co. (TSE:PBH) have received an average recommendation of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$101.90.

Several analysts recently weighed in on the company. Ventum Financial increased their target price on Premium Brands from C$109.00 to C$120.00 and gave the company a “buy” rating in a research note on Monday, March 24th. National Bankshares increased their target price on Premium Brands from C$96.00 to C$97.00 and gave the company a “sector perform” rating in a research note on Thursday, May 8th. BMO Capital Markets increased their target price on Premium Brands from C$94.00 to C$100.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Canaccord Genuity Group raised Premium Brands to a “strong-buy” rating in a report on Tuesday, May 27th. Finally, Cibc World Mkts upgraded Premium Brands from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th.

Insider Activity at Premium Brands

In related news, Senior Officer William Dion Kalutycz sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of C$81.57, for a total transaction of C$652,575.20. 2.01% of the stock is owned by company insiders.

Premium Brands Price Performance

Shares of TSE:PBH opened at C$88.24 on Friday. The business has a 50 day moving average price of C$81.68 and a 200 day moving average price of C$79.11. Premium Brands has a twelve month low of C$72.57 and a twelve month high of C$97.10. The company has a market cap of C$3.93 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 1.10 and a beta of 0.98. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00.

About Premium Brands

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.