Brokerages Set Premium Brands Holdings Co. (TSE:PBH) PT at C$116.25

Premium Brands Holdings Co. (TSE:PBH) has earned a consensus recommendation of “Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$116.25.

PBH has been the subject of a number of research analyst reports. Canaccord Genuity Group decreased their target price on Premium Brands from C$123.00 to C$117.00 in a research report on Friday, August 7th. Desjardins cut their price target on Premium Brands from C$120.00 to C$110.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Ventum Capital raised their price objective on Premium Brands from C$124.00 to C$128.00 and gave the company a “buy” rating in a research note on Friday, May 8th. ATB Cormark Capital Markets decreased their price objective on Premium Brands from C$150.00 to C$130.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Finally, BMO Capital Markets lowered their target price on Premium Brands from C$118.00 to C$111.00 in a research report on Friday, August 7th.

Premium Brands Trading Down 1.0%

PBH opened at C$79.88 on Friday. Premium Brands has a 1-year low of C$79.55 and a 1-year high of C$106.79. The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 153.93. The company has a market cap of C$4.15 billion, a P/E ratio of 48.71, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The company has a fifty day moving average price of C$86.78 and a two-hundred day moving average price of C$89.71.

Premium Brands (TSE:PBH) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.53 earnings per share for the quarter. The firm had revenue of C$2.38 billion for the quarter. Premium Brands had a net margin of 1.01% and a return on equity of 4.19%. Analysts predict that Premium Brands will post 6.039823 EPS for the current fiscal year.

Premium Brands Company Profile

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.