Premium Brands (TSE:PBH) Reaches New 1-Year High – Still a Buy?

Premium Brands Holdings Co. (TSE:PBH)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$101.99 and last traded at C$102.35, with a volume of 47558 shares changing hands. The stock had previously closed at C$102.04.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PBH shares. Stifel Nicolaus lifted their target price on Premium Brands from C$106.00 to C$111.00 in a research report on Thursday, December 18th. TD Securities raised their price target on Premium Brands from C$145.00 to C$160.00 in a research report on Thursday, December 18th. CIBC boosted their target price on Premium Brands from C$115.00 to C$120.00 in a research note on Thursday, December 18th. BMO Capital Markets boosted their target price on shares of Premium Brands from C$111.00 to C$125.00 in a report on Thursday, December 18th. Finally, Raymond James Financial boosted their target price on shares of Premium Brands from C$115.00 to C$125.00 in a report on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$121.64.

Premium Brands Stock Performance

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 market cap of C$4.57 billion, a PE ratio of 69.63, a P/E/G ratio of 1.10 and a beta of 0.38. The business’s 50-day moving average price is C$95.75 and its 200-day moving average price is C$91.45.

Premium Brands (TSE:PBH) last announced its quarterly earnings data 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 firm had revenue of C$1.99 billion during the quarter. As a group, equities research analysts expect that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current fiscal 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.