Premium Brands Holdings Co. (TSE:PBH) Stock Has Consensus Price Target of C$116.25

Premium Brands Holdings Co. (TSE:PBH) has been assigned an average rating of “Buy” from the fourteen analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$116.25.

PBH has been the subject of a number of analyst reports. Desjardins decreased their price objective on Premium Brands from C$120.00 to C$110.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Royal Bank Of Canada decreased their price objective on shares of Premium Brands from C$131.00 to C$120.00 and set an “outperform” rating for the company in a report on Friday, August 7th. TD cut their target price on shares of Premium Brands from C$140.00 to C$130.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Scotia reduced their price target on shares of Premium Brands from C$110.00 to C$105.00 and set a “sector outperform” rating on the stock in a research report on Friday, August 7th. Finally, Stifel Nicolaus decreased their price target on shares of Premium Brands from C$117.00 to C$105.00 and set a “buy” rating for the company in a report on Friday, August 7th.

Premium Brands Price Performance

Premium Brands stock opened at C$71.02 on Friday. The business’s 50-day simple moving average is C$77.14 and its 200 day simple moving average is C$83.61. The stock has a market cap of C$3.69 billion, a price-to-earnings ratio of 43.30, a P/E/G ratio of 1.10 and a beta of 0.84. Premium Brands has a 12-month low of C$69.10 and a 12-month high of C$106.79. The company has a quick ratio of 1.16, a current ratio of 1.36 and a debt-to-equity ratio of 153.93.

Premium Brands (TSE:PBH) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.53 EPS for the quarter. The firm had revenue of C$2.38 billion during the quarter. Premium Brands had a return on equity of 4.19% and a net margin of 1.01%. As a group, research analysts anticipate that Premium Brands will post 6.04 earnings per share for the current year.

About Premium Brands

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.