Premium Brands Holdings Co. (TSE:PBH) Receives Average Recommendation of “Buy” from Brokerages

Premium Brands Holdings Co. (TSE:PBH) has been given a consensus rating of “Buy” by the nine analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$121.64.

Several equities analysts recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Premium Brands from C$111.00 to C$125.00 in a research report on Thursday, December 18th. TD Securities upped their target price on Premium Brands from C$145.00 to C$160.00 in a report on Thursday, December 18th. Raymond James Financial raised their target price on Premium Brands from C$115.00 to C$125.00 in a research note on Thursday, December 18th. Royal Bank Of Canada lifted their price target on Premium Brands from C$108.00 to C$118.00 in a research report on Tuesday, November 4th. Finally, Desjardins set a C$120.00 price target on Premium Brands and gave the stock a “buy” rating in a research note on Friday, December 19th.

Premium Brands Stock Performance

TSE:PBH opened at C$106.01 on Friday. 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 firm’s fifty day simple moving average is C$100.63 and its 200 day simple moving average is C$96.85. The stock has a market cap of C$4.74 billion, a P/E ratio of 72.12, a price-to-earnings-growth ratio of 1.10 and a beta of 0.12. Premium Brands has a twelve month low of C$72.57 and a twelve month high of C$106.79.

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.