Premium Brands Holdings Co. (TSE:PBH) Stock Has Average Price Target of C$116.25 According to Brokerages

Premium Brands Holdings Co. (TSE:PBH) has received a consensus rating of “Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$116.25.

Several equities research analysts have weighed in on PBH shares. Scotia reduced their price objective on Premium Brands from C$110.00 to C$105.00 and set a “sector outperform” rating on the stock in a research note on Friday, August 7th. Ventum decreased their price objective on shares of Premium Brands from C$128.00 to C$127.00 and set a “buy” rating for the company in a report on Friday, August 7th. Stifel Nicolaus lowered their target price on Premium Brands from C$117.00 to C$105.00 and set a “buy” rating for the company in a report on Friday, August 7th. National Bank Financial dropped their price objective on shares of Premium Brands from C$108.00 to C$98.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Finally, Canaccord Genuity Group dropped their price objective on Premium Brands from C$123.00 to C$117.00 in a research report on Friday, August 7th.

Premium Brands Trading Up 0.8%

Shares of Premium Brands stock opened at C$72.02 on Friday. The firm has a market cap of C$3.74 billion, a price-to-earnings ratio of 43.91, a PEG ratio of 1.10 and a beta of 0.84. The business has a 50-day moving average price of C$76.24 and a 200-day moving average price of C$83.35. The company has a quick ratio of 1.16, a current ratio of 1.36 and a debt-to-equity ratio of 153.93. Premium Brands has a twelve month low of C$69.10 and a twelve month high of C$106.79.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.53 earnings per share (EPS) for the quarter. Premium Brands had a return on equity of 4.19% and a net margin of 1.01%. The business had revenue of C$2.38 billion for the quarter. Equities research analysts anticipate that Premium Brands will post 6.04 EPS for the current fiscal year.

About Premium Brands

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