Premium Brands Holdings Co. (TSE:PBH) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Premium Brands Holdings Co. (TSE:PBH) have been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$118.62.

Several analysts have commented on PBH shares. Raymond James Financial decreased their target price on shares of Premium Brands from C$125.00 to C$115.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Ventum Financial set a C$124.00 target price on shares of Premium Brands and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada boosted their target price on shares of Premium Brands from C$129.00 to C$131.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Desjardins set a C$120.00 target price on shares of Premium Brands and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Premium Brands from C$110.00 to C$115.00 in a research report on Friday, May 8th.

Premium Brands Price Performance

TSE PBH opened at C$85.68 on Monday. The company’s 50 day simple moving average is C$86.24 and its 200 day simple moving average is C$94.19. The company has a market capitalization of C$4.45 billion, a P/E ratio of 95.20, a PEG ratio of 1.10 and a beta of 0.88. The company has a debt-to-equity ratio of 163.05, a current ratio of 1.28 and a quick ratio of 1.16. Premium Brands has a 12 month low of C$78.62 and a 12 month high of C$106.79.

Premium Brands (TSE:PBH) last released its earnings results on Thursday, May 7th. The company reported C$0.83 earnings per share for the quarter. The business had revenue of C$2.05 billion for the quarter. Premium Brands had a net margin of 0.52% and a return on equity of 2.21%. Equities research analysts expect that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Company Profile

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. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company’s distribution and wholesale businesses; the Corporate segment includes the company’s head office activities along with its finance and information systems.