TD Securities Increases Premium Brands Holdings Corp (PBH) Price Target to C$77.00
Premium Brands Holdings Corp (TSE:PBH) had its price target raised by equities research analysts at TD Securities from C$75.00 to C$77.00 in a report released on Friday. The brokerage presently has an “action list buy” rating on the stock. TD Securities’ price target indicates a potential upside of 17.09% from the stock’s previous close.
Several other brokerages have also recently issued reports on PBH. Canaccord Genuity lifted their price target on Premium Brands Holdings Corp from C$52.00 to C$54.00 in a research report on Friday, July 8th. Scotiabank lifted their price target on Premium Brands Holdings Corp from C$59.00 to C$65.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 10th. Finally, BMO Capital Markets lifted their price target on Premium Brands Holdings Corp from C$60.00 to C$64.00 and gave the company a “market perform” rating in a research report on Wednesday, August 10th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Premium Brands Holdings Corp currently has an average rating of “Buy” and an average target price of C$66.17.
Shares of Premium Brands Holdings Corp (TSE:PBH) opened at 65.76 on Friday. Premium Brands Holdings Corp has a 52 week low of $34.02 and a 52 week high of $66.17. The firm’s 50-day moving average price is $62.70 and its 200 day moving average price is $57.93. The firm has a market capitalization of $1.96 billion and a price-to-earnings ratio of 38.14.
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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