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

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

A number of equities research analysts recently weighed in on PBH shares. Scotia lifted their price objective on shares of Premium Brands from C$100.00 to C$110.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. Ventum Financial set a C$124.00 target price on shares of Premium Brands and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Stifel Nicolaus raised their target price on shares of Premium Brands from C$112.00 to C$117.00 and gave the company a “buy” rating in a research note on Friday, May 8th. BMO Capital Markets dropped their price target on shares of Premium Brands from C$125.00 to C$116.00 in a research report on Friday, March 20th. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Premium Brands from C$110.00 to C$115.00 in a research note on Friday, May 8th.

Premium Brands Stock Up 1.2%

PBH opened at C$87.36 on Friday. Premium Brands has a 12 month low of C$80.90 and a 12 month high of C$106.79. The company has a debt-to-equity ratio of 163.05, a current ratio of 1.28 and a quick ratio of 1.16. The stock has a market cap of C$4.54 billion, a P/E ratio of 97.07, a P/E/G ratio of 1.10 and a beta of 0.90. The stock’s 50 day moving average price is C$87.34 and its 200 day moving average price is C$92.36.

Premium Brands (TSE:PBH) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.83 earnings per share (EPS) for the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%.The company had revenue of C$2.05 billion during the quarter. As a group, research 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.