Premium Brands Holdings Corp (PBH) Given New C$77.00 Price Target at TD Securities
Premium Brands Holdings Corp (TSE:PBH) had its price target lifted by TD Securities from C$75.00 to C$77.00 in a report issued on Friday. The firm currently has an “action list buy” rating on the stock. TD Securities’ target price points to a potential upside of 19.70% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Canaccord Genuity upped their target price on Premium Brands Holdings Corp from C$54.00 to C$57.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. BMO Capital Markets upped their target price on Premium Brands Holdings Corp from C$60.00 to C$64.00 and gave the company a “market perform” rating in a research report on Wednesday, August 10th. Finally, Scotiabank upped their target price on Premium Brands Holdings Corp from C$59.00 to C$65.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 10th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$66.17.
Premium Brands Holdings Corp (TSE:PBH) traded up 1.48% during midday trading on Friday, hitting $65.28. The stock had a trading volume of 77,971 shares. The stock has a market cap of $1.94 billion and a price-to-earnings ratio of 37.87. The company has a 50-day moving average of $62.52 and a 200-day moving average of $57.70. Premium Brands Holdings Corp has a 1-year low of $33.50 and a 1-year high of $65.46.
About Premium Brands Holdings Corp
Premium Brands Holdings Corporation, through its subsidiaries, owns a range of specialty food manufacturing and premium food distribution and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, Ohio and Washington State. The Company’s segments include Specialty Foods and Premium Food Distribution, as well as corporate costs (Corporate).
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