Analysts Set Premium Brands Holdings Co. (TSE:PBH) Target Price at C$121.64

Shares of Premium Brands Holdings Co. (TSE:PBH) have earned a consensus rating of “Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$121.64.

A number of brokerages have weighed in on PBH. Raymond James Financial increased their target price on shares of Premium Brands from C$115.00 to C$125.00 in a report on Thursday, December 18th. Scotiabank upgraded shares of Premium Brands from a “hold” rating to an “outperform” rating and increased their price objective for the stock from C$99.00 to C$120.00 in a research note on Thursday, December 18th. Canadian Imperial Bank of Commerce raised their target price on shares of Premium Brands from C$115.00 to C$120.00 in a report on Thursday, December 18th. BMO Capital Markets upped their target price on Premium Brands from C$111.00 to C$125.00 in a report on Thursday, December 18th. Finally, TD Securities raised their price target on Premium Brands from C$145.00 to C$160.00 in a report on Thursday, December 18th.

Premium Brands Stock Performance

PBH stock opened at C$100.83 on Friday. The stock’s 50 day simple moving average is C$100.64 and its 200 day simple moving average is C$97.03. Premium Brands has a 12-month low of C$72.57 and a 12-month high of C$106.79. The firm has a market cap of C$4.50 billion, a P/E ratio of 68.59, a P/E/G ratio of 1.10 and a beta of 0.12. The company has a current ratio of 1.33, a quick ratio of 1.16 and a debt-to-equity ratio of 201.70.

Premium Brands Company Profile

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.