Premium Brands Holdings Co. (TSE:PBH) Receives C$111.18 Consensus Price Target from Analysts

Premium Brands Holdings Co. (TSE:PBH) has been given a consensus rating of “Buy” by the ten research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$111.18.

PBH has been the subject of a number of analyst reports. Desjardins lifted their price objective on Premium Brands from C$98.00 to C$103.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Raymond James Financial increased their target price on shares of Premium Brands from C$100.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. National Bankshares boosted their price target on shares of Premium Brands from C$99.00 to C$101.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Scotiabank increased their target price on Premium Brands from C$91.00 to C$100.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada raised shares of Premium Brands from a “hold” rating to a “moderate buy” rating and increased their price objective for the stock from C$100.00 to C$108.00 in a report on Thursday, August 7th.

Insider Transactions at Premium Brands

In other news, Senior Officer William Dion Kalutycz sold 8,000 shares of Premium Brands stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of C$81.57, for a total transaction of C$652,575.20. 2.01% of the stock is currently owned by corporate insiders.

Premium Brands Price Performance

Premium Brands stock opened at C$94.12 on Tuesday. The business has a 50 day simple moving average of C$85.00 and a 200 day simple moving average of C$80.61. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. The company has a market capitalization of C$4.19 billion, a PE ratio of 41.90, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. Premium Brands has a one year low of C$72.57 and a one year high of C$97.10.

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.