Analysts Set Premium Brands Holdings Co. (TSE:PBH) PT at C$116.25

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

A number of research firms have recently weighed in on PBH. Scotia dropped their price target on shares of Premium Brands from C$110.00 to C$105.00 and set a “sector outperform” rating on the stock in a research note on Friday, August 7th. ATB Cormark Capital Markets reduced their price objective on Premium Brands from C$150.00 to C$130.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. BMO Capital Markets lowered their target price on Premium Brands from C$118.00 to C$111.00 in a research note on Friday, August 7th. National Bank Financial dropped their target price on Premium Brands from C$108.00 to C$98.00 and set a “sector perform” rating on the stock in a research report on Friday, August 7th. Finally, Canaccord Genuity Group cut their price target on Premium Brands from C$123.00 to C$117.00 in a research note on Friday, August 7th.

Premium Brands Trading Up 0.2%

TSE:PBH opened at C$79.71 on Friday. The stock has a market cap of C$4.14 billion, a PE ratio of 48.60, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. Premium Brands has a fifty-two week low of C$79.00 and a fifty-two week high of C$106.79. 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 stock’s 50-day moving average is C$86.50 and its two-hundred day moving average is C$89.44.

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