Premium Brands (TSE:PBH) Hits New 52-Week High – Still a Buy?

Premium Brands Holdings Co. (TSE:PBH) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$106.12 and last traded at C$106.12, with a volume of 118874 shares traded. The stock had previously closed at C$105.14.

Analyst Ratings Changes

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 research report on Thursday, December 18th. BMO Capital Markets upped their target price on shares of Premium Brands from C$111.00 to C$125.00 in a research note on Thursday, December 18th. Desjardins set a C$120.00 price target on shares of Premium Brands and gave the company a “buy” rating in a report on Friday, December 19th. Royal Bank Of Canada raised their price target on shares of Premium Brands from C$108.00 to C$118.00 in a research report on Tuesday, November 4th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Premium Brands from C$115.00 to C$120.00 in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$121.64.

Premium Brands Price Performance

The stock has a market cap of C$4.68 billion, a P/E ratio of 71.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.12. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. The company’s fifty day simple moving average is C$100.45 and its 200-day simple moving average is C$96.71.

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.