Premium Brands Holdings Corp (PBH) Shares Down 0.1%
Premium Brands Holdings Corp (TSE:PBH) was down 0.1% during mid-day trading on Tuesday . The stock traded as low as C$100.50 and last traded at C$101.84. Approximately 38,404 shares traded hands during trading, a decline of 54% from the average daily volume of 83,973 shares. The stock had previously closed at C$101.91.
Several equities research analysts have issued reports on PBH shares. Royal Bank Of Canada dropped their target price on Premium Brands Holdings Corp from C$109.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 15th. BMO Capital Markets restated a “market perform” rating and set a C$106.00 target price on shares of Premium Brands Holdings Corp in a research report on Tuesday, August 15th. Scotiabank increased their target price on Premium Brands Holdings Corp from C$88.00 to C$93.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 15th. Finally, National Bank Financial increased their target price on Premium Brands Holdings Corp from C$105.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Premium Brands Holdings Corp has a consensus rating of “Hold” and an average target price of C$82.00.
In other news, Director John Zaplatynsky purchased 275 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of C$99.60 per share, with a total value of C$27,390.00.
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About Premium Brands Holdings Corp
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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