Premium Brands (TSE:PBH) Sets New 52-Week High – What’s Next?

Premium Brands Holdings Co. (TSE:PBH) shares hit a new 52-week high on Thursday . The stock traded as high as C$104.18 and last traded at C$103.93, with a volume of 130787 shares trading hands. The stock had previously closed at C$101.43.

Analysts Set New Price Targets

A number of research firms recently commented on PBH. Royal Bank Of Canada lifted their price target on shares of Premium Brands from C$108.00 to C$118.00 in a research note on Tuesday, November 4th. Desjardins set a C$120.00 price target on Premium Brands and gave the stock a “buy” rating in a report on Friday, December 19th. Canadian Imperial Bank of Commerce raised their price target on Premium Brands from C$115.00 to C$120.00 in a research note on Thursday, December 18th. TD Securities upped their target price on shares of Premium Brands from C$145.00 to C$160.00 in a research note on Thursday, December 18th. Finally, Raymond James Financial increased their price objective on Premium Brands from C$115.00 to C$125.00 in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Premium Brands currently has a consensus rating of “Buy” and a consensus price target of C$121.64.

Premium Brands Stock Performance

The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. The company has a market cap of C$4.66 billion, a PE ratio of 70.97, a price-to-earnings-growth ratio of 1.10 and a beta of 0.12. The business has a fifty day simple moving average of C$99.47 and a two-hundred day simple moving average of C$95.76.

Premium Brands (TSE:PBH) last released its quarterly earnings results on Monday, November 10th. The company reported C$1.27 EPS for the quarter. Premium Brands had a return on equity of 5.66% and a net margin of 1.55%.The firm had revenue of C$1.99 billion during the quarter. Research analysts anticipate that Premium Brands Holdings Co. 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.