Shares of Premium Brands Holdings Corp (TSE:PBH) have been given an average rating of “Buy” by the nine brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$93.63.
PBH has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their price objective on Premium Brands from C$92.00 to C$86.00 in a research report on Friday, March 15th. TD Securities lowered their price objective on Premium Brands from C$94.00 to C$93.00 and set a “buy” rating for the company in a research report on Tuesday, May 14th. Royal Bank of Canada lowered their price objective on Premium Brands from C$97.00 to C$96.00 in a research report on Tuesday, May 14th. Cormark lifted their price target on Premium Brands from C$91.00 to C$97.00 in a research report on Wednesday, May 22nd. Finally, CIBC lifted their price target on Premium Brands from C$72.00 to C$76.00 in a research report on Tuesday, May 14th.
Shares of PBH stock traded down C$0.31 on Monday, reaching C$90.56. 40,260 shares of the company’s stock were exchanged, compared to its average volume of 122,352. The business has a fifty day moving average of C$82.17. The company has a market cap of $3.37 billion and a PE ratio of 31.49. Premium Brands has a 52 week low of C$66.99 and a 52 week high of C$116.99. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 187.13.
Premium Brands (TSE:PBH) last announced its quarterly earnings results on Monday, May 13th. The company reported C$0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.47 by C$0.05. The company had revenue of C$776.60 million during the quarter, compared to analysts’ expectations of C$801.50 million. Equities analysts predict that Premium Brands will post 4.9199998 EPS for the current year.
In other Premium Brands news, Senior Officer Douglas Owen Goss acquired 560 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of C$85.54 per share, for a total transaction of C$47,902.40. Following the completion of the acquisition, the insider now owns 33,541 shares of the company’s stock, valued at approximately C$2,869,097.14.
About Premium Brands
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 meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, and baking and sushi products.
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