Premium Brands Holdings Corp’s (PBH) Market Perform Rating Reaffirmed at BMO Capital Markets
Premium Brands Holdings Corp (TSE:PBH)‘s stock had its “market perform” rating reissued by investment analysts at BMO Capital Markets in a research report issued to clients and investors on Friday. They currently have a C$97.00 target price on the stock. BMO Capital Markets’ price target would indicate a potential upside of 4.72% from the stock’s current price.
A number of other equities analysts also recently commented on the stock. TD Securities downgraded shares of Premium Brands Holdings Corp from an “action list buy” rating to a “hold” rating and set a C$90.00 price objective for the company. in a report on Tuesday, April 4th. National Bank Financial raised their price objective on shares of Premium Brands Holdings Corp from C$100.00 to C$105.00 and gave the stock an “outperform” rating in a report on Tuesday, May 16th. Scotiabank raised their price objective on shares of Premium Brands Holdings Corp from C$78.00 to C$90.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 16th. Royal Bank Of Canada raised their price objective on shares of Premium Brands Holdings Corp from C$78.00 to C$86.00 and gave the stock an “outperform” rating in a report on Friday, March 17th. Finally, Cormark downgraded shares of Premium Brands Holdings Corp from a “buy” rating to a “market perform” rating and raised their price objective for the stock from C$76.00 to C$80.00 in a report on Monday, March 20th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of C$89.57.
Shares of Premium Brands Holdings Corp (TSE PBH) traded up 2.38% during trading on Friday, hitting $94.83. 55,205 shares of the stock were exchanged. The stock’s 50 day moving average is $91.35 and its 200-day moving average is $77.85. Premium Brands Holdings Corp has a 12-month low of $51.00 and a 12-month high of $96.68. The stock has a market cap of $2.83 billion and a price-to-earnings ratio of 37.47.
Premium Brands Holdings Corp Company Profile
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.
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