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Research analysts at Cormark initiated coverage on shares of Premium Brands Holdings Corp (TSE:PBH) in a report released on Thursday. The firm set a “buy” rating on the stock.

Shares of Premium Brands Holdings Corp (TSE:PBH) traded up 0.70% during mid-day trading on Thursday, hitting $21.45. The stock had a trading volume of 4,235 shares. Premium Brands Holdings Corp has a 52 week low of $18.10 and a 52 week high of $24.55. The stock’s 50-day moving average is $21.61 and its 200-day moving average is $21.92. The company has a market cap of $472.7 million and a P/E ratio of 33.81.

Premium Brands Holdings Corp (TSE:PBH) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. Analysts expect that Premium Brands Holdings Corp will post $1.16 EPS for the current fiscal year.

Premium Brands Holdings Corporation owns a range of specialty food manufacturing and differentiated food distribution businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada and Washington State.

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