Premium Brands Holdings Co. (TSE:PBH) Receives Consensus Rating of "Moderate Buy" from Brokerages

Premium Brands Holdings Co. (TSE:PBH - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$101.90.

PBH has been the topic of a number of research analyst reports. Ventum Financial increased their price target on Premium Brands from C$109.00 to C$120.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Cibc World Mkts raised shares of Premium Brands from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. CIBC decreased their price target on shares of Premium Brands from C$98.00 to C$95.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Desjardins boosted their target price on Premium Brands from C$93.00 to C$98.00 in a research report on Friday, May 9th. Finally, Royal Bank of Canada cut their price target on Premium Brands from C$98.00 to C$97.00 and set a "sector perform" rating on the stock in a report on Tuesday, May 6th.

Insiders Place Their Bets

In related news, Senior Officer William Dion Kalutycz sold 8,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$81.57, for a total transaction of C$652,575.20. Insiders own 2.01% of the company's stock.

Premium Brands Trading Up 0.2%

PBH traded up C$0.14 during trading on Thursday, reaching C$81.48. 149,031 shares of the stock traded hands, compared to its average volume of 98,846. The stock's 50-day moving average is C$78.68 and its 200 day moving average is C$78.74. Premium Brands has a 12 month low of C$72.57 and a 12 month high of C$97.10. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00. The stock has a market capitalization of C$3.63 billion, a PE ratio of 36.27, a P/E/G ratio of 1.10 and a beta of 0.98.

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 processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.