Analysts Set Premium Brands Holdings Corp (PBH) Price Target at $108.21
Premium Brands Holdings Corp (TSE:PBH) has received an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$108.21.
Several research analysts recently commented on PBH shares. TD Securities boosted their price target on Premium Brands from C$120.00 to C$125.00 and gave the stock an “action list buy” rating in a research note on Thursday, November 23rd. Pi Financial boosted their price target on Premium Brands from C$112.00 to C$115.00 and gave the stock a “buy” rating in a research note on Thursday, November 23rd. National Bank Financial boosted their price target on Premium Brands from C$110.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Thursday, November 23rd. Royal Bank of Canada cut their price target on Premium Brands from C$115.00 to C$111.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. Finally, BMO Capital Markets upgraded Premium Brands from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$106.00 to C$107.00 in a research note on Wednesday, November 15th.
Premium Brands (TSE PBH) traded down C$0.64 during trading hours on Monday, hitting C$103.24. The company had a trading volume of 40,682 shares, compared to its average volume of 65,885. Premium Brands has a fifty-two week low of C$63.16 and a fifty-two week high of C$110.28. The firm has a market capitalization of $3,120.00, a PE ratio of 37.14 and a beta of 0.39.
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About Premium Brands
Premium Brands Holdings Corp is a Canada-based company that, through its subsidiaries, owns a range of specialty food manufacturing and food distribution businesses. The Company’s segments include Specialty Foods and Premium Food Distribution. Its family of brands and businesses include Conte Foods, Larosa Foods, McSweeney’s, Direct Plus, OvenPride and Island City Baking.
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