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

Premium Brands Holdings Co. (TSE:PBH) has been assigned an average recommendation of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$113.73.

A number of brokerages have recently commented on PBH. CIBC raised their target price on shares of Premium Brands from C$108.00 to C$115.00 in a research report on Tuesday, November 11th. Royal Bank Of Canada increased their price objective on Premium Brands from C$108.00 to C$118.00 in a research note on Tuesday, November 4th. Scotiabank reduced their price objective on Premium Brands from C$103.00 to C$99.00 in a report on Tuesday, November 11th. BMO Capital Markets upped their target price on Premium Brands from C$109.00 to C$111.00 in a report on Tuesday, November 11th. Finally, Stifel Nicolaus increased their price target on Premium Brands from C$101.00 to C$106.00 in a research report on Tuesday, November 11th.

Premium Brands Stock Up 0.6%

TSE:PBH opened at C$96.22 on Monday. The company has a market cap of C$4.30 billion, a price-to-earnings ratio of 65.46, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. Premium Brands has a twelve month low of C$72.57 and a twelve month high of C$103.89. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. The stock has a fifty day simple moving average of C$95.19 and a 200-day simple moving average of C$90.67.

Premium Brands (TSE:PBH) last posted its quarterly earnings results on Monday, November 10th. The company reported C$1.27 EPS for the quarter. Premium Brands had a net margin of 1.55% and a return on equity of 5.66%. The company had revenue of C$1.99 billion for the quarter. Analysts anticipate that Premium Brands will post 6.039823 EPS for the current year.

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.