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

Key Points

• Premium Brands Holdings Co. (TSE:PBH) has received a consensus rating of "Buy" from eleven analysts, with an average 1-year price target of C$111.18.
• TD Securities increased its price target for Premium Brands from C$120.00 to C$140.00, reflecting strong analyst confidence in the company's performance.
• Insider William Dion Kalutycz sold 8,000 shares at an average price of C$81.57, indicating notable insider activity within the firm.

Shares of Premium Brands Holdings Co. (TSE:PBH - Get Free Report) have received a consensus rating of "Buy" from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$111.18.

A number of analysts have weighed in on the stock. TD Securities increased their price target on shares of Premium Brands from C$120.00 to C$140.00 and gave the company a "buy" rating in a report on Friday, July 18th. National Bankshares increased their price target on shares of Premium Brands from C$99.00 to C$101.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Desjardins increased their price target on shares of Premium Brands from C$98.00 to C$103.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Royal Bank Of Canada raised shares of Premium Brands from a "sector perform" rating to an "outperform" rating and increased their price target for the company from C$100.00 to C$108.00 in a report on Thursday, August 7th. Finally, Canaccord Genuity Group increased their price target on shares of Premium Brands from C$100.00 to C$118.00 in a report on Thursday, August 7th.

Insider Activity at Premium Brands

In other 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 Price Performance

TSE PBH opened at C$93.50 on Tuesday. 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 has a fifty day simple moving average of C$84.24 and a 200 day simple moving average of C$80.32. The company has a market cap of C$4.17 billion, a P/E ratio of 41.62, a P/E/G ratio of 1.10 and a beta of 0.98. Premium Brands has a 1 year low of C$72.57 and a 1 year high of C$97.10.

About Premium Brands

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.

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