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

Shares of Premium Brands Holdings Co. (TSE:PBH) have received an average rating of “Buy” from the ten research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$111.45.

Several analysts recently issued reports on the stock. Royal Bank Of Canada upgraded shares of Premium Brands from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from C$100.00 to C$108.00 in a report on Thursday, August 7th. National Bankshares boosted their price objective on Premium Brands from C$99.00 to C$101.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Desjardins boosted their price objective on Premium Brands from C$98.00 to C$103.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Raymond James Financial boosted their price objective on Premium Brands from C$100.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, Canaccord Genuity Group boosted their target price on Premium Brands from C$100.00 to C$118.00 in a research note on Thursday, August 7th.

Premium Brands Stock Performance

Shares of Premium Brands stock opened at C$96.35 on Friday. The firm has a market capitalization of C$4.30 billion, a P/E ratio of 46.32, a PEG ratio of 1.10 and a beta of 0.34. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00. The company has a 50 day moving average price of C$94.52 and a 200 day moving average price of C$86.69. Premium Brands has a 52 week low of C$72.57 and a 52 week high of C$99.90.

About Premium Brands

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.