Premium Brands Holdings Co. (TSE:PBH) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Premium Brands has a consensus “Buy” rating from 14 analysts: 12 rate it a buy, one holds, and one recommends a strong buy. The average 12-month price target is C$116.25.
• Several brokerages recently lowered their price targets, with new estimates ranging from C$98 to C$130, while generally maintaining positive or market-perform ratings.
• The stock opened at C$75.71, near its 12-month low of C$75.64, after declining 2.3%. Premium Brands reported quarterly EPS of C$1.53 on revenue of C$2.38 billion.

Premium Brands Holdings Co. (TSE:PBH - Get Free Report) has earned an average recommendation of "Buy" from the fourteen brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$116.25.

A number of brokerages have recently weighed in on PBH. Scotia dropped their target price on Premium Brands from C$110.00 to C$105.00 and set a "sector outperform" rating on the stock in a report on Friday, August 7th. Desjardins decreased their price target on shares of Premium Brands from C$120.00 to C$110.00 and set a "buy" rating for the company in a report on Friday, August 7th. National Bank Financial lowered their price objective on shares of Premium Brands from C$108.00 to C$98.00 and set a "sector perform" rating on the stock in a research report on Friday, August 7th. BMO Capital Markets dropped their price objective on shares of Premium Brands from C$118.00 to C$111.00 in a research note on Friday, August 7th. Finally, ATB Cormark Capital Markets dropped their price objective on shares of Premium Brands from C$150.00 to C$130.00 and set an "outperform" rating on the stock in a research note on Friday, August 7th.

Premium Brands Trading Down 2.3%

TSE PBH opened at C$75.71 on Wednesday. Premium Brands has a twelve month low of C$75.64 and a twelve month high of C$106.79. The company has a debt-to-equity ratio of 153.93, a quick ratio of 1.16 and a current ratio of 1.36. The stock has a market cap of C$3.94 billion, a price-to-earnings ratio of 46.16, a PEG ratio of 1.10 and a beta of 0.77. The firm's 50 day moving average price is C$84.46 and its two-hundred day moving average price is C$86.93.

Premium Brands (TSE:PBH - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share (EPS) for the quarter. The company had revenue of C$2.38 billion during the quarter. Premium Brands had a return on equity of 4.19% and a net margin of 1.01%. Equities analysts anticipate that Premium Brands will post 6.039823 EPS for the current year.

About Premium Brands

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.

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