Brokerages Set Premium Brands Holdings Co. (TSE:PBH) Price Target at C$101.90

Premium Brands Holdings Co. (TSE:PBH) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$101.90.

Several research firms recently commented on PBH. Cibc World Mkts upgraded shares of Premium Brands from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Royal Bank Of Canada decreased their price target on Premium Brands from C$98.00 to C$97.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 6th. National Bankshares lifted their target price on Premium Brands from C$96.00 to C$97.00 and gave the company a “sector perform” rating in a report on Thursday, May 8th. BMO Capital Markets boosted their price objective on shares of Premium Brands from C$94.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Monday, March 24th. Finally, Canaccord Genuity Group upgraded Premium Brands to a “strong-buy” rating in a report on Tuesday, May 27th.

Premium Brands Stock Down 0.4%

PBH stock opened at C$80.39 on Monday. The company’s 50-day moving average price is C$80.04 and its 200 day moving average price is C$78.75. The company has a market cap of C$3.58 billion, a P/E ratio of 35.79, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. Premium Brands has a 52 week low of C$72.57 and a 52 week high of C$97.10.

Insider Transactions at Premium Brands

In other Premium Brands news, Senior Officer William Dion Kalutycz sold 8,000 shares of Premium Brands stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of C$81.57, for a total value of C$652,575.20. Insiders own 2.01% of the company’s stock.

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 processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.