Premium Brands Holdings Co. (TSE:PBH) Receives C$103.40 Consensus PT from Brokerages

Premium Brands Holdings Co. (TSE:PBH) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$103.40.

PBH has been the topic of several recent research reports. Cibc World Mkts upgraded Premium Brands from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Ventum Financial increased their target price on shares of 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 lowered their target price on shares of Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Scotiabank upgraded shares of Premium Brands to a “hold” rating in a report on Tuesday, April 1st. Finally, Royal Bank of Canada increased their price objective on shares of Premium Brands from C$96.00 to C$97.00 and gave the stock an “outperform” rating in a research report on Thursday, March 20th.

Premium Brands Trading Up 2.4 %

Shares of PBH stock opened at C$75.06 on Wednesday. The company has a market cap of C$3.34 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. Premium Brands has a 1 year low of C$72.57 and a 1 year high of C$97.10. The stock’s 50 day simple moving average is C$77.16 and its two-hundred day simple moving average is C$81.59. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16.

Premium Brands Company Profile

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.