Premium Brands Holdings Corp Rating Increased to Outperform at National Bank Financial (PBH)
Premium Brands Holdings Corp (TSE:PBH) was upgraded by equities research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Friday. The firm currently has a C$24.50 price objective on the stock, up from their previous price objective of C$22.00. National Bank Financial’s price objective points to a potential upside of 9.38% from the stock’s previous close.
Premium Brands Holdings Corp (TSE:PBH) traded up 1.16% during mid-day trading on Friday, hitting $22.66. 7,844 shares of the company’s stock traded hands. Premium Brands Holdings Corp has a one year low of $18.10 and a one year high of $24.55. The stock’s 50-day moving average is $21.57 and its 200-day moving average is $21.87. The company has a market cap of $499.3 million and a price-to-earnings ratio of 35.56.
Premium Brands Holdings Corp (TSE:PBH) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.18. Analysts expect that Premium Brands Holdings Corp will post $1.16 EPS for the current fiscal year.
A number of other firms have also recently commented on PBH. Analysts at Canaccord Genuity raised their price target on shares of Premium Brands Holdings Corp from C$21.00 to C$22.00 in a research note on Friday. They now have a “hold” rating on the stock. Analysts at Cormark initiated coverage on shares of Premium Brands Holdings Corp in a research note on Thursday, July 24th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$22.25.
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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