Scotiabank Increases Premium Brands Holdings Corp (PBH) Price Target to C$67.00
Premium Brands Holdings Corp (TSE:PBH) had its price target raised by equities researchers at Scotiabank from C$65.00 to C$67.00 in a report issued on Friday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 4.15% from the stock’s current price.
Other research analysts also recently issued reports about the stock. Canaccord Genuity increased their price target on shares of Premium Brands Holdings Corp from C$54.00 to C$57.00 and gave the stock a “hold” rating in a research report on Wednesday, August 10th. National Bank Financial increased their price target on shares of Premium Brands Holdings Corp from C$64.00 to C$71.00 and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets increased their price target on shares of Premium Brands Holdings Corp from C$60.00 to C$64.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 10th. Finally, TD Securities reiterated an “action list buy” rating and issued a C$75.00 price target on shares of Premium Brands Holdings Corp 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. The stock currently has a consensus rating of “Buy” and a consensus price target of C$66.17.
Shares of Premium Brands Holdings Corp (TSE:PBH) traded up 1.48% on Friday, reaching $65.28. 77,971 shares of the company traded hands. The firm has a market capitalization of $1.94 billion and a P/E ratio of 37.87. The stock has a 50-day moving average price of $62.52 and a 200 day moving average price 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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