Canaccord Genuity Boosts Premium Brands Holdings Corp (PBH) Price Target to C$63.00
Premium Brands Holdings Corp (TSE:PBH) had its price objective upped by investment analysts at Canaccord Genuity from C$57.00 to C$63.00 in a research note issued to investors on Thursday. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity’s price target points to a potential upside of 3.04% from the company’s current price.
A number of other research analysts have also weighed in on the stock. BMO Capital Markets raised their price objective on shares of Premium Brands Holdings Corp from C$60.00 to C$64.00 and gave the company a “market perform” rating in a research note on Wednesday, August 10th. Scotiabank raised their price objective on shares of Premium Brands Holdings Corp from C$53.00 to C$59.00 and gave the company a “sector perform” rating in a research note on Friday, July 8th. Finally, TD Securities reaffirmed an “action list buy” rating and issued a C$75.00 price objective on shares of Premium Brands Holdings Corp in a research note on Wednesday, August 10th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$64.33.
Premium Brands Holdings Corp (TSE:PBH) traded up 5.90% on Thursday, hitting $64.75. 114,218 shares of the stock traded hands. Premium Brands Holdings Corp has a 52 week low of $33.01 and a 52 week high of $64.90. The firm has a market capitalization of $1.93 billion and a PE ratio of 37.56. The stock has a 50 day moving average of $62.46 and a 200 day moving average of $57.65.
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Premium Brands Holdings Corp Company Profile
Premium Brands Holdings Corporation, through its subsidiaries, owns a range of specialty food manufacturing and premium food distribution and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, Ohio and Washington State. The Company’s segments include Specialty Foods and Premium Food Distribution, as well as corporate costs (Corporate).
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