Premium Brands Holdings Corp (PBH) Given New C$71.00 Price Target at National Bank Financial
Premium Brands Holdings Corp (TSE:PBH) had its target price upped by National Bank Financial from C$64.00 to C$71.00 in a research report sent to investors on Friday morning. The firm currently has an outperform rating on the stock.
Several other brokerages have also recently issued reports on PBH. Canaccord Genuity raised their target price on shares of Premium Brands Holdings Corp from C$52.00 to C$54.00 in a report on Friday, July 8th. Scotiabank lifted their price target on shares of Premium Brands Holdings Corp from C$59.00 to C$65.00 and gave the company a sector perform rating in a report on Wednesday, August 10th. TD Securities lifted their price target on shares of Premium Brands Holdings Corp from C$69.00 to C$75.00 and gave the company an action list buy rating in a report on Friday, July 8th. Finally, BMO Capital Markets lifted their price target on shares of Premium Brands Holdings Corp from C$60.00 to C$64.00 and gave the company a market perform rating in a report on Wednesday, August 10th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Premium Brands Holdings Corp currently has an average rating of Buy and an average target price of C$66.17.
Premium Brands Holdings Corp (TSE:PBH) traded down 1.24% during mid-day trading on Friday, hitting $65.22. 9,177 shares of the stock traded hands. The firm has a market cap of $1.94 billion and a P/E ratio of 37.83. Premium Brands Holdings Corp has a 52-week low of $33.50 and a 52-week high of $66.17. The firm’s 50-day moving average is $62.62 and its 200 day moving average is $57.80.
Premium Brands Holdings Corp Company Profile
Premium Brands Holdings Corporation, through its subsidiaries, owns a range of specialty food manufacturing and premium food distribution and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, Ohio and Washington State. The Company’s segments include Specialty Foods and Premium Food Distribution, as well as corporate costs (Corporate).
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