A number of other research analysts also recently issued reports on PBH. TD Securities raised shares of Premium Brands from a buy rating to an action list buy rating and cut their price objective for the stock from C$122.00 to C$120.00 in a research report on Wednesday, November 15th. BMO Capital Markets upgraded shares of Premium Brands from a market perform rating to an outperform rating and lifted their target price for the stock from C$106.00 to C$107.00 in a research note on Wednesday, November 15th. National Bank Financial lifted their target price on shares of Premium Brands from C$110.00 to C$115.00 and gave the stock an outperform rating in a research note on Thursday, November 23rd. Pi Financial lifted their target price on shares of Premium Brands from C$112.00 to C$115.00 and gave the stock a buy rating in a research note on Thursday, November 23rd. Finally, Scotiabank lifted their target price on shares of Premium Brands from C$96.00 to C$97.50 and gave the stock a sector perform rating in a research note on Thursday, November 23rd. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of C$109.31.
Premium Brands (PBH) opened at C$105.11 on Monday. Premium Brands has a 12-month low of C$69.76 and a 12-month high of C$110.28. The stock has a market cap of $3,250.00, a P/E ratio of 37.81 and a beta of 0.42.
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Premium Brands Holdings Corp is a Canada-based company that, through its subsidiaries, owns a range of specialty food manufacturing and food distribution businesses. The Company’s segments include Specialty Foods and Premium Food Distribution. Its family of brands and businesses include Conte Foods, Larosa Foods, McSweeney’s, Direct Plus, OvenPride and Island City Baking.
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