Premium Brands Holdings Co. (TSE:PBH) Receives Average Rating of “Buy” from Analysts

Shares of Premium Brands Holdings Co. (TSE:PBH) have received an average recommendation of “Buy” from the ten ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$113.73.

PBH has been the subject of several analyst reports. BMO Capital Markets increased their price target on shares of Premium Brands from C$109.00 to C$111.00 in a research report on Tuesday, November 11th. Scotiabank reduced their price objective on shares of Premium Brands from C$103.00 to C$99.00 in a research note on Tuesday, November 11th. CIBC raised their target price on shares of Premium Brands from C$108.00 to C$115.00 in a research note on Tuesday, November 11th. Stifel Nicolaus lifted their price target on shares of Premium Brands from C$101.00 to C$106.00 in a report on Tuesday, November 11th. Finally, Royal Bank Of Canada upped their price target on Premium Brands from C$108.00 to C$118.00 in a research report on Tuesday, November 4th.

Premium Brands Trading Up 0.6%

Shares of TSE:PBH opened at C$96.22 on Monday. The company has a market capitalization of C$4.30 billion, a PE ratio of 65.46, a P/E/G ratio of 1.10 and a beta of 0.38. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. Premium Brands has a 12-month low of C$72.57 and a 12-month high of C$103.89. The business’s fifty day simple moving average is C$95.19 and its 200-day simple moving average is C$90.67.

Premium Brands (TSE:PBH) last issued its quarterly earnings data on Monday, November 10th. The company reported C$1.27 earnings per share for the quarter. Premium Brands had a return on equity of 5.66% and a net margin of 1.55%.The firm had revenue of C$1.99 billion during the quarter. As a group, equities research analysts predict that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

About Premium Brands

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company’s business segments include Specialty Foods, Premium Food Distribution, and Corporate.