Premium Brands Holdings Co. (TSE:PBH) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Premium Brands Holdings Co. (TSE:PBH) have received an average rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$103.40.

A number of equities research analysts have recently issued reports on PBH shares. BMO Capital Markets boosted their price objective on shares of Premium Brands from C$94.00 to C$100.00 and gave the company an “outperform” rating in a research report on Monday, March 24th. CIBC raised shares of Premium Brands from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$90.00 to C$95.00 in a report on Monday. National Bankshares dropped their price target on shares of Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Raymond James set a C$100.00 target price on shares of Premium Brands and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Royal Bank of Canada increased their price target on Premium Brands from C$96.00 to C$97.00 and gave the stock an “outperform” rating in a research note on Thursday, March 20th.

Premium Brands Trading Down 3.4 %

Shares of TSE:PBH opened at C$73.02 on Wednesday. Premium Brands has a 52-week low of C$72.63 and a 52-week high of C$97.10. The stock has a market capitalization of C$3.25 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51. The stock’s 50-day simple moving average is C$77.34 and its two-hundred day simple moving average is C$82.03.

About Premium Brands

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.