Premium Brands Holdings Co. (TSE:PBH) Stock Has Average Target Price of C$116.25

Key Points

• Analysts remain bullish: Fourteen brokerages give Premium Brands an average “Buy” rating, with 12 buys, one hold, and one strong buy. The average 12-month price target is C$116.25.
• Price targets were recently reduced: Five firms lowered their targets, with revised estimates ranging from C$105 to C$130, while maintaining buy or outperform ratings.
• Shares are near their 12-month low: PBH opened at C$70.61, compared with a 12-month range of C$69.10 to C$106.79. The company recently reported C$1.53 in quarterly EPS and C$2.38 billion in revenue.

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

PBH has been the topic of a number of recent research reports. ATB Cormark Capital Markets lowered their price objective on 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. Ventum cut their target price on Premium Brands from C$128.00 to C$127.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Desjardins reduced their target price on Premium Brands from C$120.00 to C$110.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Royal Bank Of Canada decreased their price target on Premium Brands from C$131.00 to C$120.00 and set an "outperform" rating on the stock in a research report on Friday, August 7th. Finally, Stifel Nicolaus dropped their price target on Premium Brands from C$117.00 to C$105.00 and set a "buy" rating for the company in a research note on Friday, August 7th.

Premium Brands Stock Down 0.3%

Shares of PBH opened at C$70.61 on Friday. Premium Brands has a 12 month low of C$69.10 and a 12 month high of C$106.79. The firm's 50 day moving average is C$78.07 and its 200-day moving average is C$83.87. The stock has a market capitalization of C$3.67 billion, a PE ratio of 43.05, a P/E/G ratio of 1.10 and a beta of 0.84. The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 153.93.

Premium Brands (TSE:PBH - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share for the quarter. The company had revenue of C$2.38 billion during the quarter. Premium Brands had a net margin of 1.01% and a return on equity of 4.19%. Equities research analysts forecast that Premium Brands will post 6.04 EPS for the current year.

Premium Brands Company Profile

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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