Premium Brands Holdings Co. (TSE:PBH) Stock Has Average Price Target of C$116.25 According to Analysts

Shares of Premium Brands Holdings Co. (TSE:PBH) have received a consensus rating of “Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. One investment 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 ratings on the stock in the last year is C$116.25.

Several research analysts recently issued reports on PBH shares. Desjardins cut their price target on shares of Premium Brands from C$120.00 to C$110.00 and set a “buy” rating for the company in a report on Friday, August 7th. Stifel Nicolaus lowered their price objective on Premium Brands from C$117.00 to C$105.00 and set a “buy” rating on the stock in a report on Friday, August 7th. TD lowered their price objective on Premium Brands from C$140.00 to C$130.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Scotia dropped their target price on Premium Brands from C$110.00 to C$105.00 and set a “sector outperform” rating on the stock in a research report on Friday, August 7th. Finally, Ventum cut their target price on Premium Brands from C$128.00 to C$127.00 and set a “buy” rating for the company in a research note on Friday, August 7th.

Premium Brands Stock Up 0.1%

Shares of Premium Brands stock opened at C$71.48 on Friday. The company has a market cap of C$3.72 billion, a P/E ratio of 43.59, a PEG ratio of 1.10 and a beta of 0.84. The company has a debt-to-equity ratio of 153.93, a quick ratio of 1.16 and a current ratio of 1.36. Premium Brands has a one year low of C$69.10 and a one year high of C$106.79. The firm has a fifty day moving average of C$76.47 and a two-hundred day moving average of C$83.43.

Premium Brands (TSE:PBH) last released its earnings results on Thursday, August 6th. The company reported C$1.53 EPS for the quarter. Premium Brands had a net margin of 1.01% and a return on equity of 4.19%. The company had revenue of C$2.38 billion during the quarter. On average, analysts forecast that Premium Brands will post 6.04 earnings per share for the current year.

About Premium Brands

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