Premium Brands Holdings Co. (TSE:PBH) Given Average Rating of “Buy” by Brokerages

Premium Brands Holdings Co. (TSE:PBH) has been given an average rating of “Buy” by the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$121.64.

Several equities research analysts have recently weighed in on PBH shares. TD Securities increased their price objective on Premium Brands from C$145.00 to C$160.00 in a report on Thursday, December 18th. CIBC upped their price target on shares of Premium Brands from C$115.00 to C$120.00 in a research report on Thursday, December 18th. Royal Bank Of Canada raised their price objective on shares of Premium Brands from C$108.00 to C$118.00 in a research report on Tuesday, November 4th. Stifel Nicolaus lifted their price objective on shares of Premium Brands from C$106.00 to C$111.00 in a research note on Thursday, December 18th. Finally, Desjardins set a C$120.00 target price on shares of Premium Brands and gave the stock a “buy” rating in a research note on Friday, December 19th.

Premium Brands Stock Performance

TSE PBH opened at C$100.04 on Friday. The company has a fifty day moving average of C$97.24 and a two-hundred day moving average of C$93.85. The company has a market capitalization of C$4.47 billion, a PE ratio of 68.05, a P/E/G ratio of 1.10 and a beta of 0.37. Premium Brands has a 1 year low of C$72.57 and a 1 year high of C$103.89. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16.

Premium Brands (TSE:PBH) last announced its earnings results on Monday, November 10th. The company reported C$1.27 earnings per share (EPS) for the quarter. The firm had revenue of C$1.99 billion during the quarter. Premium Brands had a return on equity of 5.66% and a net margin of 1.55%. As a group, analysts expect that Premium Brands will post 6.039823 earnings per share for the current year.

Premium Brands Company Profile

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.