Premium Brands Holdings Corp (PBH) Given Average Rating of “Buy” by Analysts

Premium Brands Holdings Corp (TSE:PBH) has been assigned an average rating of “Buy” from the nine ratings firms that are currently covering the stock, reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$95.00.

PBH has been the topic of several recent research reports. TD Securities dropped their price objective on shares of Premium Brands from C$95.00 to C$94.00 and set a “buy” rating on the stock in a report on Friday, March 15th. Desjardins cut Premium Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. CIBC decreased their price target on Premium Brands from C$82.00 to C$72.00 in a research report on Friday, March 15th. National Bank Financial reiterated an “outperform” rating and set a C$95.00 price target on shares of Premium Brands in a research report on Friday, January 18th. Finally, BMO Capital Markets decreased their price target on Premium Brands from C$92.00 to C$86.00 in a research report on Friday, March 15th.

TSE PBH traded up C$0.28 during trading on Thursday, hitting C$77.76. 77,611 shares of the company’s stock traded hands, compared to its average volume of 122,713. The company has a market cap of $2.65 billion and a PE ratio of 25.66. Premium Brands has a 12-month low of C$66.99 and a 12-month high of C$119.75. The company has a quick ratio of 0.84, a current ratio of 1.71 and a debt-to-equity ratio of 137.55.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, March 14th. The company reported C$0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.78 by C$0.04. The business had revenue of C$843.90 million for the quarter, compared to analysts’ expectations of C$829.50 million. As a group, equities research analysts anticipate that Premium Brands will post 4.97999995535348 EPS for the current year.

About Premium Brands

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, and baking and sushi products.

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Analyst Recommendations for Premium Brands (TSE:PBH)

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