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

Shares of Premium Brands Holdings Co. (TSE:PBH) have been given an average rating of “Moderate Buy” by the twelve brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$118.62.

A number of research analysts have commented on the company. Canadian Imperial Bank of Commerce increased their price objective on Premium Brands from C$110.00 to C$115.00 in a research report on Friday, May 8th. Ventum Capital boosted their target price on 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. Scotia upped their price target on 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. Stifel Nicolaus set a C$117.00 price target on Premium Brands and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, Ventum Financial set a C$124.00 price target on Premium Brands and gave the company a “buy” rating in a report on Wednesday, April 22nd.

Premium Brands Price Performance

Shares of PBH stock opened at C$92.71 on Tuesday. Premium Brands has a 1 year low of C$80.90 and a 1 year high of C$106.79. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 163.05. The firm’s 50 day moving average is C$88.44 and its 200-day moving average is C$91.21. The firm has a market capitalization of C$4.82 billion, a price-to-earnings ratio of 103.01, a PEG ratio of 1.10 and a beta of 0.90.

Premium Brands (TSE:PBH) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.83 earnings per share for the quarter. Premium Brands had a net margin of 0.52% and a return on equity of 2.21%. The business had revenue of C$2.05 billion during the quarter. Sell-side analysts forecast that Premium Brands will post 6.039823 EPS 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.