Premium Brands Holdings Corp (PBH) Given Average Recommendation of “Hold” by Brokerages
Shares of Premium Brands Holdings Corp (TSE:PBH) have received a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$89.57.
PBH has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their target price on Premium Brands Holdings Corp from C$86.00 to C$100.00 and gave the company an “outperform” rating in a report on Tuesday, May 16th. BMO Capital Markets raised their target price on Premium Brands Holdings Corp from C$70.00 to C$83.00 in a report on Friday, March 17th. TD Securities lowered Premium Brands Holdings Corp from an “action list buy” rating to a “hold” rating and set a C$90.00 target price on the stock. in a report on Tuesday, April 4th. National Bank Financial raised their target price on Premium Brands Holdings Corp from C$100.00 to C$105.00 and gave the company an “outperform” rating in a report on Tuesday, May 16th. Finally, Scotiabank raised their target price on Premium Brands Holdings Corp from C$67.00 to C$78.00 and gave the company a “sector perform” rating in a report on Friday, March 17th.
Shares of Premium Brands Holdings Corp (PBH) traded down 0.08% during trading on Monday, hitting $93.11. The company’s stock had a trading volume of 23,990 shares. Premium Brands Holdings Corp has a 1-year low of $53.48 and a 1-year high of $96.68. The firm’s 50 day moving average is $92.61 and its 200-day moving average is $79.02. The company has a market capitalization of $2.78 billion and a P/E ratio of 36.79.
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Premium Brands Holdings Corp Company Profile
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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