Canaccord Genuity Increases Premium Brands Holdings Corp (PBH) Price Target to C$63.00
Premium Brands Holdings Corp (TSE:PBH) had its price target upped by equities researchers at Canaccord Genuity from C$57.00 to C$63.00 in a report issued on Thursday. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 3.04% from the company’s previous close.
Several other analysts also recently weighed in on PBH. TD Securities lifted their target price on Premium Brands Holdings Corp from C$69.00 to C$75.00 and gave the stock an “action list buy” rating in a research report on Friday, July 8th. Scotiabank lifted their target price on Premium Brands Holdings Corp from C$53.00 to C$59.00 and gave the stock a “sector perform” rating in a research report on Friday, July 8th. Finally, BMO Capital Markets lifted their target price on Premium Brands Holdings Corp from C$60.00 to C$64.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 10th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Premium Brands Holdings Corp currently has a consensus rating of “Buy” and a consensus price target of C$64.33.
Premium Brands Holdings Corp (TSE:PBH) traded up 4.79% during mid-day trading on Thursday, reaching $64.07. 132,925 shares of the company were exchanged. The company has a market capitalization of $1.91 billion and a PE ratio of 37.16. Premium Brands Holdings Corp has a one year low of $33.01 and a one year high of $64.90. The stock has a 50-day moving average price of $62.46 and a 200 day moving average price 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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