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

Premium Brands Holdings Co. (TSE:PBH) has been given an average rating of “Buy” by the thirteen ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$118.62.

A number of analysts have weighed in on PBH shares. Stifel Nicolaus upped their price target on Premium Brands from C$112.00 to C$117.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Royal Bank Of Canada raised their price target on Premium Brands from C$129.00 to C$131.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Scotiabank decreased their price target on Premium Brands from C$120.00 to C$100.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Canadian Imperial Bank of Commerce raised their price target on Premium Brands from C$110.00 to C$115.00 in a report on Friday, May 8th. Finally, TD Securities decreased their price target on Premium Brands from C$160.00 to C$140.00 and set a “buy” rating on the stock in a report on Monday, March 23rd.

Premium Brands Stock Performance

Shares of TSE PBH opened at C$86.70 on Thursday. The business has a fifty day simple moving average of C$86.91 and a 200 day simple moving average of C$94.37. 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 firm has a market capitalization of C$4.51 billion, a price-to-earnings ratio of 96.33, a PEG ratio of 1.10 and a beta of 0.80. Premium Brands has a one year low of C$78.53 and a one year high of C$106.79.

Premium Brands (TSE:PBH) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.83 earnings per share for the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%.The firm had revenue of C$2.05 billion for the quarter. Sell-side analysts expect that Premium Brands will post 6.039823 EPS for the current 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.