Premium Brands Holdings Corp (PBH) Stock Rating Reaffirmed by TD Securities
Premium Brands Holdings Corp (TSE:PBH)‘s stock had its “action list buy” rating reiterated by analysts at TD Securities in a report issued on Tuesday. They currently have a C$80.00 target price on the stock. TD Securities’ price objective indicates a potential upside of 18.82% from the stock’s previous close.
A number of other equities research analysts have also recently commented on PBH. Scotiabank restated a “sector perform” rating and set a C$66.00 target price on shares of Premium Brands Holdings Corp in a research note on Friday, November 4th. Canaccord Genuity raised their target price 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 note on Wednesday, August 10th. BMO Capital Markets raised their target price 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 note on Wednesday, August 10th. Finally, National Bank Financial raised their target price 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 note on Friday, October 14th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$66.50.
Shares of Premium Brands Holdings Corp (TSE:PBH) opened at 67.33 on Tuesday. The stock has a 50 day moving average of $64.01 and a 200-day moving average of $59.28. The company has a market capitalization of $2.01 billion and a price-to-earnings ratio of 32.51. Premium Brands Holdings Corp has a one year low of $35.78 and a one year high of $68.28.
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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