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

Premium Brands Holdings Co. (TSE:PBH) has received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$121.64.

PBH has been the topic of a number of recent research reports. CIBC upped their price objective on Premium Brands from C$115.00 to C$120.00 in a research report on Thursday, December 18th. TD Securities upped their price target on Premium Brands from C$145.00 to C$160.00 in a report on Thursday, December 18th. Stifel Nicolaus increased their target price on shares of Premium Brands from C$106.00 to C$111.00 in a research report on Thursday, December 18th. Royal Bank Of Canada upped their price objective on shares of Premium Brands from C$108.00 to C$118.00 in a research note on Tuesday, November 4th. Finally, Desjardins set a C$120.00 price objective on Premium Brands and gave the company a “buy” rating in a research note on Friday, December 19th.

Premium Brands Price Performance

PBH stock opened at C$95.14 on Tuesday. The business’s fifty day moving average price is C$98.92 and its 200 day moving average price is C$95.14. Premium Brands has a 12-month low of C$72.57 and a 12-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 company has a market capitalization of C$4.25 billion, a PE ratio of 64.72, a P/E/G ratio of 1.10 and a beta of 0.37.

Premium Brands (TSE:PBH) last released its earnings results on Monday, November 10th. The company reported C$1.27 earnings per share for the quarter. The company had revenue of C$1.99 billion during the quarter. Premium Brands had a return on equity of 5.66% and a net margin of 1.55%. On average, sell-side analysts anticipate that Premium Brands will post 6.039823 EPS for the current year.

Premium Brands Company Profile

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. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company’s distribution and wholesale businesses; the Corporate segment includes the company’s head office activities along with its finance and information systems.