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

Shares of Premium Brands Holdings Co. (TSE:PBH) have received an average recommendation of “Buy” from the fourteen ratings firms that are presently covering the firm, 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 12 month price objective among analysts that have issued a report on the stock in the last year is C$116.25.

Several equities research analysts have recently weighed in on PBH shares. National Bank Financial lowered their target price on shares of Premium Brands from C$108.00 to C$98.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. ATB Cormark Capital Markets decreased their price objective on shares of Premium Brands from C$150.00 to C$130.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Stifel Nicolaus cut their target price on shares of Premium Brands from C$117.00 to C$105.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Royal Bank Of Canada reduced their target price on Premium Brands from C$131.00 to C$120.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce decreased their price target on Premium Brands from C$115.00 to C$100.00 and set a “strong-buy” rating on the stock in a research report on Friday, August 7th.

Premium Brands Trading Down 0.8%

Shares of PBH opened at C$79.32 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 153.93. The stock has a market cap of C$4.12 billion, a PE ratio of 48.37, a PEG ratio of 1.10 and a beta of 0.90. Premium Brands has a 1 year low of C$79.00 and a 1 year high of C$106.79. The stock has a 50 day simple moving average of C$86.24 and a 200-day simple moving average of C$89.23.

Premium Brands (TSE:PBH) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.53 EPS for the quarter. Premium Brands had a return on equity of 4.19% and a net margin of 1.01%.The business had revenue of C$2.38 billion for the quarter. On average, sell-side 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.