Brokerages Set Premium Brands Holdings Co. (TSE:PBH) Price Target at C$111.45

Premium Brands Holdings Co. (TSE:PBH) has received an average recommendation of “Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$111.91.

Several equities analysts have weighed in on the company. National Bankshares lifted their price objective on Premium Brands from C$99.00 to C$101.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Raymond James Financial lifted their price target on Premium Brands from C$100.00 to C$115.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. BMO Capital Markets boosted their price objective on shares of Premium Brands from C$94.00 to C$109.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Canaccord Genuity Group upped their target price on Premium Brands from C$100.00 to C$118.00 in a report on Thursday, August 7th. Finally, Desjardins increased their price target on Premium Brands from C$98.00 to C$103.00 and gave the stock a “buy” rating in a report on Thursday, August 7th.

Premium Brands Price Performance

Shares of PBH opened at C$96.70 on Friday. The company’s 50-day moving average is C$94.60 and its 200-day moving average is C$87.49. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. The firm has a market capitalization of C$4.32 billion, a PE ratio of 46.49, a PEG ratio of 1.10 and a beta of 0.34. Premium Brands has a fifty-two week low of C$72.57 and a fifty-two week high of C$99.90.

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.