Premium Brands Holdings Co. (TSE:PBH) Receives C$118.62 Average Price Target from Brokerages

Premium Brands Holdings Co. (TSE:PBH) has received a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$118.62.

PBH has been the topic of a number of analyst reports. Stifel Nicolaus boosted their price target on Premium Brands from C$112.00 to C$117.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Ventum Capital upped their price target on Premium Brands from C$124.00 to C$128.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. TD Securities cut their price target 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. Scotiabank cut 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. Finally, Ventum Financial set a C$124.00 price target on Premium Brands and gave the stock a “buy” rating in a research note on Wednesday, April 22nd.

Premium Brands Stock Performance

Premium Brands stock opened at C$88.12 on Monday. The stock’s 50 day simple moving average is C$86.60 and its two-hundred day simple moving average is C$94.03. The company has a debt-to-equity ratio of 163.05, a quick ratio of 1.16 and a current ratio of 1.28. The stock has a market cap of C$4.58 billion, a price-to-earnings ratio of 97.91, a PEG ratio of 1.10 and a beta of 0.88. Premium Brands has a fifty-two week low of C$78.62 and a fifty-two week high of C$106.79.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.83 earnings per share for the quarter. The business had revenue of C$2.05 billion for the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%. As a group, analysts expect that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

About Premium Brands

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.