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

Shares of Premium Brands Holdings Co. (TSE:PBH) have received a consensus rating of “Buy” from the fourteen research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$116.25.

PBH has been the topic of several research reports. ATB Cormark Capital Markets reduced their price target on shares of Premium Brands from C$150.00 to C$130.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Ventum dropped their price objective on shares of Premium Brands from C$128.00 to C$127.00 and set a “buy” rating for the company in a research note on Friday, August 7th. National Bank Financial lowered their price target on shares of Premium Brands from C$108.00 to C$98.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. Canaccord Genuity Group dropped their price target on Premium Brands from C$123.00 to C$117.00 in a research report on Friday, August 7th. Finally, Stifel Nicolaus reduced their price objective on Premium Brands from C$117.00 to C$105.00 and set a “buy” rating on the stock in a research note on Friday, August 7th.

Premium Brands Price Performance

TSE:PBH opened at C$76.00 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 153.93. The company has a market capitalization of C$3.95 billion, a P/E ratio of 46.34, a P/E/G ratio of 1.10 and a beta of 0.77. Premium Brands has a 12 month low of C$75.40 and a 12 month high of C$106.79. The business’s 50-day moving average is C$83.77 and its 200 day moving average is C$86.31.

Premium Brands (TSE:PBH) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share for the quarter. The business had revenue of C$2.38 billion during the quarter. Premium Brands had a return on equity of 4.19% and a net margin of 1.01%. On average, equities research analysts forecast that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Company Profile

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.