Analysts Set Premium Brands Holdings Co. (TSE:PBH) PT at C$103.11

Premium Brands Holdings Co. (TSE:PBH) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$103.11.

A number of equities analysts have recently weighed in on PBH shares. Raymond James set a C$100.00 price objective on Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, December 19th. BMO Capital Markets dropped their price objective on Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Stifel Nicolaus dropped their price objective on Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. Royal Bank of Canada dropped their price objective on Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. Finally, TD Securities dropped their price objective on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.

Insider Buying and Selling

In related news, Director Johnny Ciampi acquired 2,000 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were acquired at an average cost of C$78.78 per share, for a total transaction of C$157,560.00. 2.01% of the stock is owned by company insiders.

Premium Brands Stock Performance

TSE:PBH opened at C$78.64 on Tuesday. The stock has a 50-day simple moving average of C$78.36 and a two-hundred day simple moving average of C$84.21. Premium Brands has a 52-week low of C$74.00 and a 52-week high of C$97.10. 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 firm has a market capitalization of C$3.50 billion, a PE ratio of 35.01, a P/E/G ratio of 1.10 and a beta of 0.98.

Premium Brands Company Profile

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.