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

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

A number of equities analysts have commented on the stock. BMO Capital Markets cut their price objective on shares of Premium Brands from C$125.00 to C$116.00 in a report on Friday, March 20th. Desjardins set a C$120.00 target price on Premium Brands and gave the company a “buy” rating in a research note on Friday, March 20th. Royal Bank Of Canada lifted their target price on 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. TD Securities cut their price target on Premium Brands from C$160.00 to C$140.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Finally, Scotia increased their price target on Premium Brands from C$100.00 to C$110.00 and gave the company a “sector outperform” rating in a report on Friday, May 8th.

Premium Brands Trading Up 1.1%

TSE PBH opened at C$85.00 on Friday. The company’s fifty day simple moving average is C$87.08 and its 200-day simple moving average is C$92.82. Premium Brands has a 52 week low of C$80.90 and a 52 week high of C$106.79. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 163.05. The stock has a market cap of C$4.42 billion, a P/E ratio of 94.44, a PEG ratio of 1.10 and a beta of 0.88.

Premium Brands (TSE:PBH) last announced 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 during the quarter. Premium Brands had a net margin of 0.52% and a return on equity of 2.21%. Equities research analysts predict that Premium Brands will post 6.039823 EPS 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.