Premium Brands Holdings Co. (PBH) Receives Average Recommendation of “Buy” from Analysts
Premium Brands Holdings Co. (TSE:PBH) has been assigned an average rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$126.43.
PBH has been the subject of several research reports. Scotiabank increased their price target on Premium Brands from C$98.50 to C$110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 11th. Royal Bank of Canada cut their target price on Premium Brands from C$120.00 to C$119.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. BMO Capital Markets raised their target price on Premium Brands from C$118.00 to C$134.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 11th. CIBC set a C$116.00 target price on Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Finally, TD Securities raised their target price on Premium Brands from C$125.00 to C$140.00 and gave the stock an “action list buy” rating in a research note on Wednesday, April 11th.
In other Premium Brands news, Director Stephen Sposari sold 5,800 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of C$110.77, for a total value of C$642,466.00.
Premium Brands (TSE:PBH) last posted its quarterly earnings results on Thursday, March 15th. The company reported C$0.61 earnings per share for the quarter, missing the consensus estimate of C$0.86 by C($0.25). The firm had revenue of C$585.40 million for the quarter, compared to the consensus estimate of C$611.90 million. Premium Brands had a return on equity of 19.68% and a net margin of 3.82%.
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About Premium Brands
Premium Brands Holdings Corporation manufactures and distributes food products in Canada and the United States. It operates through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal products, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini products, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.
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