Premium Brands Holdings Co. (TSE:PBH) Receives C$118.62 Consensus Price Target from Analysts

Shares of Premium Brands Holdings Co. (TSE:PBH) have earned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$118.62.

PBH has been the subject of several recent research reports. 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. Stifel Nicolaus upped their price objective on shares of Premium Brands from C$112.00 to C$117.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce upped their price objective on shares of Premium Brands from C$110.00 to C$115.00 in a research report on Friday, May 8th. Royal Bank Of Canada upped their price objective 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. Finally, BMO Capital Markets reduced their price objective on shares of Premium Brands from C$125.00 to C$116.00 in a research report on Friday, March 20th.

Premium Brands Stock Performance

TSE:PBH opened at C$88.12 on Monday. The company has a debt-to-equity ratio of 163.05, a current ratio of 1.28 and a quick ratio of 1.16. The firm has a 50-day moving average of C$86.60 and a 200-day moving average of C$94.05. The company has a market cap of C$4.58 billion, a PE ratio of 97.91, a PEG ratio of 1.10 and a beta of 0.88. Premium Brands has a one year low of C$78.62 and a one year high of C$106.79.

Premium Brands (TSE:PBH) last posted its earnings results on Thursday, May 7th. The company reported C$0.83 EPS for the quarter. The company 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%. As a group, equities research analysts expect that Premium Brands will post 6.039823 EPS 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. 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.