Brokerages Set Premium Brands Holdings Co. (TSE:PBH) Price Target at C$118.62

Premium Brands Holdings Co. (TSE:PBH) has been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$118.62.

A number of equities research analysts have recently weighed in on the stock. Ventum Financial set a C$124.00 price objective on shares of Premium Brands and gave the company a “buy” rating in a report on Wednesday, April 22nd. Stifel Nicolaus set a C$117.00 price target on shares of Premium Brands and gave the company a “buy” rating in a research note on Monday, July 20th. Ventum Capital boosted their price objective on shares of Premium Brands from C$124.00 to C$128.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Royal Bank Of Canada upped their price objective on shares of Premium Brands from C$129.00 to C$131.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce lifted their target price on Premium Brands from C$110.00 to C$115.00 in a research report on Friday, May 8th.

Premium Brands Stock Performance

Shares of PBH opened at C$93.78 on Tuesday. Premium Brands has a 1 year low of C$80.90 and a 1 year high of C$106.79. The stock has a market capitalization of C$4.88 billion, a PE ratio of 104.20, a PEG ratio of 1.10 and a beta of 0.90. The company has a debt-to-equity ratio of 163.05, a quick ratio of 1.16 and a current ratio of 1.28. The stock has a 50-day simple moving average of C$88.39 and a 200-day simple moving average of C$91.20.

Premium Brands (TSE:PBH) last released its earnings results on Thursday, May 7th. The company reported C$0.83 earnings per share for the quarter. The firm had revenue of C$2.05 billion for the quarter. Premium Brands had a net margin of 0.52% and a return on equity of 2.21%. On average, analysts predict that Premium Brands will post 6.039823 earnings per share for the current fiscal 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.