Premium Brands (TSE:PBH) Reaches New 12-Month High – Here’s What Happened

Premium Brands Holdings Co. (TSE:PBH) reached a new 52-week high during trading on Thursday . The stock traded as high as C$99.92 and last traded at C$99.80, with a volume of 12078 shares traded. The stock had previously closed at C$99.13.

Analyst Ratings Changes

A number of research analysts recently issued reports on PBH shares. Canaccord Genuity Group boosted their price objective on Premium Brands from C$100.00 to C$118.00 in a research note on Thursday, August 7th. Stifel Nicolaus increased their price objective on shares of Premium Brands from C$101.00 to C$106.00 in a research note on Tuesday, November 11th. National Bankshares raised their price objective 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 dropped their target price on shares of Premium Brands from C$103.00 to C$99.00 in a report on Tuesday, November 11th. Finally, Raymond James Financial increased their price target on Premium Brands from C$100.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$113.73.

Premium Brands Stock Performance

The company has a market capitalization of C$4.42 billion, a P/E ratio of 67.38, a P/E/G ratio of 1.10 and a beta of 0.40. 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 business’s fifty day simple moving average is C$94.38 and its 200-day simple moving average is C$89.73.

Premium Brands (TSE:PBH) last issued its earnings results on Monday, November 10th. The company reported C$1.27 earnings per share (EPS) for the quarter. The firm had revenue of C$1.99 billion for the quarter. Premium Brands had a return on equity of 5.66% and a net margin of 1.55%. As a group, equities analysts anticipate that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current fiscal year.

About Premium Brands

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company’s business segments include Specialty Foods, Premium Food Distribution, and Corporate.