Premium Brands Holdings Co. (TSE:PBH) Given Consensus Rating of “Buy” by Analysts

Premium Brands Holdings Co. (TSE:PBH) has received a consensus recommendation of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$115.60.

A number of research firms have recently weighed in on PBH. Stifel Nicolaus raised their price target on shares of Premium Brands from C$106.00 to C$111.00 in a report on Thursday, December 18th. National Bank Financial decreased their price objective on shares of Premium Brands from C$115.00 to C$108.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Scotiabank lowered their target price on shares of Premium Brands from C$120.00 to C$100.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Raymond James Financial cut their target price on Premium Brands from C$125.00 to C$115.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Finally, TD Securities reduced their price target on Premium Brands from C$160.00 to C$140.00 and set a “buy” rating for the company in a research report on Monday, March 23rd.

Premium Brands Trading Up 1.0%

Shares of TSE PBH opened at C$82.13 on Wednesday. The business has a 50 day simple moving average of C$96.97 and a 200 day simple moving average of C$96.61. Premium Brands has a 52 week low of C$72.57 and a 52 week high of C$106.79. The stock has a market cap of C$4.27 billion, a price-to-earnings ratio of 91.26, a PEG ratio of 1.10 and a beta of 0.51. The company has a debt-to-equity ratio of 206.42, a quick ratio of 1.16 and a current ratio of 1.23.

Premium Brands (TSE:PBH) last issued its quarterly earnings data on Thursday, March 19th. The company reported C$1.29 earnings per share for the quarter. The firm had revenue of C$1.90 billion for the quarter. Premium Brands had a net margin of 0.54% and a return on equity of 2.38%. On average, research analysts predict that Premium Brands 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.