Premium Brands Holdings Corp (PBH) Given Average Recommendation of “Buy” by Analysts

Shares of Premium Brands Holdings Corp (TSE:PBH) have received an average recommendation of “Buy” from the nine brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$95.00.

Several brokerages have issued reports on PBH. BMO Capital Markets dropped their target price on Premium Brands from C$92.00 to C$86.00 in a research report on Friday, March 15th. TD Securities lowered their price objective on Premium Brands from C$94.00 to C$93.00 and set a “buy” rating on the stock in a research report on Tuesday. Industrial Alliance Securities reaffirmed a “buy” rating and set a C$95.00 price objective on shares of Premium Brands in a research report on Monday, January 28th. Royal Bank of Canada lowered their price objective on Premium Brands from C$97.00 to C$96.00 in a research report on Tuesday. Finally, Desjardins cut Premium Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th.

TSE PBH traded up C$0.28 during trading hours on Thursday, hitting C$77.76. The company’s stock had a trading volume of 77,611 shares, compared to its average volume of 122,713. Premium Brands has a 12 month low of C$66.99 and a 12 month high of C$119.75. The company has a market capitalization of $2.65 billion and a price-to-earnings ratio of 25.66. The company has a debt-to-equity ratio of 137.55, a quick ratio of 0.84 and a current ratio of 1.71.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, March 14th. The company reported C$0.82 EPS for the quarter, topping the consensus estimate of C$0.78 by C$0.04. The business had revenue of C$843.90 million during the quarter, compared to the consensus estimate of C$829.50 million. On average, equities analysts predict that Premium Brands will post 4.97999995535348 earnings per share for the current fiscal year.

Premium Brands Company Profile

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, and baking and sushi products.

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Analyst Recommendations for Premium Brands (TSE:PBH)

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