Premium Brands Holdings Co. (TSE:PBH) Stock Has Consensus Target Price of C$115.25 According to Brokerages

Shares of Premium Brands Holdings Co. (TSE:PBH) have been given a consensus recommendation of “Buy” by the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$115.25.

PBH has been the subject of several research analyst reports. BMO Capital Markets reduced their price objective on Premium Brands from C$118.00 to C$111.00 in a research note on Friday, August 7th. Canaccord Genuity Group lowered their price objective on shares of Premium Brands from C$123.00 to C$117.00 in a research report on Friday, August 7th. TD dropped their price objective on shares of Premium Brands from C$140.00 to C$130.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Royal Bank Of Canada lowered their price target on shares of Premium Brands from C$120.00 to C$110.00 and set an “outperform” rating on the stock in a report on Tuesday, November 3rd. Finally, Stifel Nicolaus cut their price target on Premium Brands from C$117.00 to C$105.00 and set a “buy” rating for the company in a research note on Friday, August 7th.

Premium Brands Price Performance

TSE PBH opened at C$76.97 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 153.93. Premium Brands has a 1 year low of C$69.10 and a 1 year high of C$106.79. The company has a market cap of C$4.00 billion, a PE ratio of 46.93, a PEG ratio of 1.10 and a beta of 0.83. The stock’s 50-day moving average price is C$74.02 and its two-hundred day moving average price is C$85.90.

Premium Brands (TSE:PBH) last announced its earnings results on Thursday, November 5th. The company reported C$1.38 EPS for the quarter. Premium Brands had a net margin of 1.01% and a return on equity of 4.19%. The company had revenue of C$2.38 billion during the quarter. On average, analysts predict that Premium Brands will post 6.04 EPS 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.