Analysts Set Premium Brands Holdings Co. (TSE:PBH) PT at C$121.64

Shares of Premium Brands Holdings Co. (TSE:PBH) have been assigned a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$121.64.

A number of equities research analysts have weighed in on the company. 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. Royal Bank Of Canada increased their price objective on Premium Brands from C$108.00 to C$118.00 in a research report on Tuesday, November 4th. Scotiabank raised Premium Brands from a “hold” rating to an “outperform” rating and raised their price objective for the company from C$99.00 to C$120.00 in a report on Thursday, December 18th. BMO Capital Markets upped their target price on Premium Brands from C$111.00 to C$125.00 in a research note on Thursday, December 18th. Finally, Raymond James Financial increased their price target on shares of Premium Brands from C$115.00 to C$125.00 in a research report on Thursday, December 18th.

Premium Brands Trading Up 0.1%

Shares of PBH opened at C$100.43 on Friday. Premium Brands has a 1-year low of C$72.57 and a 1-year high of C$103.89. The company has a market capitalization of C$4.49 billion, a P/E ratio of 68.32, a P/E/G ratio of 1.10 and a beta of 0.37. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. The firm’s 50 day simple moving average is C$97.06 and its 200 day simple moving average is C$93.56.

Premium Brands (TSE:PBH) last released its quarterly earnings results on Monday, November 10th. The company reported C$1.27 EPS for the quarter. The business had revenue of C$1.99 billion during the quarter. Premium Brands had a net margin of 1.55% and a return on equity of 5.66%. Sell-side analysts forecast that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

About Premium Brands

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.