Brokerages Set Premium Brands Holdings Co. (TSE:PBH) Target Price at C$115.60

Premium Brands Holdings Co. (TSE:PBH) has been given an average recommendation of “Buy” by the eight ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$115.60.

Several research firms recently issued reports on PBH. Canadian Imperial Bank of Commerce dropped their price target on shares of Premium Brands from C$120.00 to C$110.00 in a research report on Friday, March 20th. TD Securities lowered their price objective on Premium Brands from C$160.00 to C$140.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Desjardins set a C$120.00 target price on Premium Brands and gave the stock a “buy” rating in a report on Friday, March 20th. National Bank Financial cut their target price on Premium Brands from C$115.00 to C$108.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Finally, Scotiabank decreased their price target on Premium Brands from C$120.00 to C$100.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th.

Premium Brands Stock Down 2.5%

PBH opened at C$83.42 on Wednesday. The company has a market capitalization of C$4.34 billion, a P/E ratio of 92.69, a P/E/G ratio of 1.10 and a beta of 0.51. The company has a debt-to-equity ratio of 206.42, a current ratio of 1.23 and a quick ratio of 1.16. The firm’s fifty day moving average price is C$97.66 and its two-hundred day moving average price is C$96.74. Premium Brands has a fifty-two week low of C$72.57 and a fifty-two week high of C$106.79.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, March 19th. The company reported C$1.29 EPS for the quarter. Premium Brands had a net margin of 0.54% and a return on equity of 2.38%. The company had revenue of C$1.90 billion during the quarter. On average, analysts anticipate that Premium Brands will post 6.039823 EPS 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.