Shares of Premium Brands Holdings Corp (TSE:PBH) have received an average recommendation of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$93.63.
A number of brokerages have recently issued reports on PBH. TD Securities upped their target price on shares of Premium Brands from C$93.00 to C$96.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Cormark upped their target price on shares of Premium Brands from C$91.00 to C$97.00 in a research note on Wednesday, May 22nd. CIBC upped their target price on shares of Premium Brands from C$76.00 to C$84.00 in a research note on Friday, May 24th. Royal Bank of Canada cut their target price on shares of Premium Brands from C$97.00 to C$96.00 in a research note on Tuesday, May 14th. Finally, BMO Capital Markets cut their target price on shares of Premium Brands from C$92.00 to C$86.00 in a research note on Friday, March 15th.
In related news, Senior Officer Douglas Owen Goss bought 560 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average price of C$85.54 per share, for a total transaction of C$47,902.40. Following the purchase, the insider now owns 33,541 shares in the company, valued at approximately C$2,869,097.14.
Premium Brands (TSE:PBH) last issued its quarterly earnings data on Monday, May 13th. The company reported C$0.52 EPS for the quarter, topping analysts’ consensus estimates of C$0.47 by C$0.05. The firm had revenue of C$776.60 million during the quarter, compared to analyst estimates of C$801.50 million. Sell-side analysts forecast that Premium Brands will post 4.9199998 EPS for the current fiscal year.
Premium Brands Company Profile
Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, and baking and sushi products.
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