Premium Brands Holdings Co. (TSE:PBH) Given Consensus Recommendation of “Buy” by Analysts

Shares of Premium Brands Holdings Co. (TSE:PBH) have received an average rating of “Buy” from the ten ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$121.64.

A number of analysts recently weighed in on the company. Raymond James Financial lifted their price target on Premium Brands from C$115.00 to C$125.00 in a research note on Thursday, December 18th. Royal Bank Of Canada lifted their price target on shares of Premium Brands from C$108.00 to C$118.00 in a report on Tuesday, November 4th. Stifel Nicolaus boosted their price objective on Premium Brands from C$106.00 to C$111.00 in a research note on Thursday, December 18th. Scotiabank upgraded shares of Premium Brands from a “hold” rating to an “outperform” rating and upped their target price for the company from C$99.00 to C$120.00 in a research note on Thursday, December 18th. Finally, Desjardins set a C$120.00 price target on shares of Premium Brands and gave the stock a “buy” rating in a research note on Friday, December 19th.

Premium Brands Stock Performance

Shares of PBH opened at C$99.51 on Friday. The stock has a market capitalization of C$4.45 billion, a P/E ratio of 67.69, a P/E/G ratio of 1.10 and a beta of 0.37. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51. Premium Brands has a 1 year low of C$72.57 and a 1 year high of C$103.89. The company’s fifty day moving average is C$97.46 and its two-hundred day moving average is C$93.93.

Premium Brands (TSE:PBH) last issued its earnings results on Monday, November 10th. The company reported C$1.27 earnings per share for the quarter. The business had revenue of C$1.99 billion for the quarter. Premium Brands had a net margin of 1.55% and a return on equity of 5.66%. On average, sell-side analysts predict that Premium Brands will post 6.039823 earnings per share for the current 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. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company’s distribution and wholesale businesses; the Corporate segment includes the company’s head office activities along with its finance and information systems.