Premium Brands Holdings Corp (PBH) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Premium Brands Holdings Corp (TSE:PBH) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$89.29.
A number of brokerages have recently commented on PBH. Scotiabank raised their price target on Premium Brands Holdings Corp from C$78.00 to C$90.00 and gave the company a “sector perform” rating in a report on Tuesday. TD Securities raised their price target on Premium Brands Holdings Corp from C$90.00 to C$92.00 and gave the company a “hold” rating in a report on Tuesday. BMO Capital Markets raised their price target on Premium Brands Holdings Corp from C$83.00 to C$95.00 in a report on Tuesday. Cormark lowered Premium Brands Holdings Corp from a “buy” rating to a “market perform” rating and raised their price target for the company from C$76.00 to C$80.00 in a report on Monday, March 20th. Finally, National Bank Financial raised their price target on Premium Brands Holdings Corp from C$100.00 to C$105.00 and gave the company an “outperform” rating in a report on Tuesday.
ILLEGAL ACTIVITY WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/05/19/premium-brands-holdings-corp-pbh-given-consensus-recommendation-of-hold-by-brokerages.html.
Shares of Premium Brands Holdings Corp (TSE:PBH) traded up 0.57% during midday trading on Friday, hitting $91.83. 122,615 shares of the company’s stock traded hands. The stock has a market cap of $2.74 billion and a P/E ratio of 38.58. Premium Brands Holdings Corp has a 52 week low of $51.00 and a 52 week high of $93.19. The company has a 50 day moving average of $85.72 and a 200 day moving average of $73.42.
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.
Receive News & Ratings for Premium Brands Holdings Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premium Brands Holdings Corp and related companies with MarketBeat.com's FREE daily email newsletter.