Premium Brands Holdings Co. (TSE:PBH) Receives C$116.25 Average Target Price from Brokerages

Premium Brands Holdings Co. (TSE:PBH) has been given a consensus recommendation of “Buy” by the fourteen brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$116.25.

A number of brokerages recently issued reports on PBH. Stifel Nicolaus dropped their price target on shares of Premium Brands from C$117.00 to C$105.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. TD reduced their price objective on shares of Premium Brands from C$140.00 to C$130.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Canaccord Genuity Group decreased their price objective on shares of Premium Brands from C$123.00 to C$117.00 in a report on Friday, August 7th. Ventum lowered their price objective on Premium Brands from C$128.00 to C$127.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, ATB Cormark Capital Markets lowered their price target on Premium Brands from C$150.00 to C$130.00 and set an “outperform” rating on the stock in a report on Friday, August 7th.

Premium Brands Stock Up 0.2%

TSE:PBH opened at C$76.00 on Wednesday. The company has a debt-to-equity ratio of 153.93, a current ratio of 1.36 and a quick ratio of 1.16. The firm’s 50-day moving average price is C$83.77 and its 200-day moving average price is C$86.43. The company has a market capitalization of C$3.95 billion, a PE ratio of 46.34, a P/E/G ratio of 1.10 and a beta of 0.77. Premium Brands has a 1-year low of C$75.40 and a 1-year high of C$106.79.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.53 EPS for the quarter. The business had revenue of C$2.38 billion for the quarter. Premium Brands had a net margin of 1.01% and a return on equity of 4.19%. On average, equities analysts predict that Premium Brands will post 6.039823 EPS for the current fiscal year.

Premium Brands Company Profile

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.