Premium Brands Holdings Co. (TSE:PBH) Receives Average Rating of “Buy” from Brokerages

Premium Brands Holdings Co. (TSE:PBH) has earned an average rating of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$111.18.

Several brokerages have recently commented on PBH. TD Securities lifted their price target on shares of Premium Brands from C$120.00 to C$140.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Royal Bank Of Canada upgraded Premium Brands from a “hold” rating to a “moderate buy” rating and upped their price objective for the company from C$100.00 to C$108.00 in a research note on Thursday, August 7th. Scotiabank boosted their target price on shares of Premium Brands from C$91.00 to C$100.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Desjardins lifted their price objective on shares of Premium Brands from C$98.00 to C$103.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, National Bankshares boosted their price target on Premium Brands from C$99.00 to C$101.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th.

Premium Brands Price Performance

TSE:PBH opened at C$96.26 on Wednesday. Premium Brands has a one year low of C$72.57 and a one year high of C$97.10. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. The company has a fifty day moving average price of C$92.85 and a 200 day moving average price of C$84.81. The stock has a market cap of C$4.30 billion, a P/E ratio of 46.28, a PEG ratio of 1.10 and a beta of 0.34.

About Premium Brands

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.