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

Key Points

• Premium Brands Holdings Co. (TSE:PBH) has received a consensus rating of "Buy" from ten covering brokerages, with an average one-year target price of C$111.18.
• CIBC and Royal Bank of Canada have both raised their target prices for Premium Brands to C$108.00, reflecting a positive outlook on the stock.
• The company's stock has slightly increased by 0.5% recently, and it currently has a market capitalization of C$4.17 billion.

Premium Brands Holdings Co. (TSE:PBH - Get Free Report) has been given a consensus rating of "Buy" by the ten brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$111.18.

A number of equities research analysts have issued reports on PBH shares. CIBC raised their target price on Premium Brands from C$98.00 to C$108.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Royal Bank Of Canada upgraded shares of Premium Brands from a "hold" rating to a "moderate buy" rating and lifted their price objective for the company from C$100.00 to C$108.00 in a research report on Thursday, August 7th. Desjardins upped their target price on shares of Premium Brands from C$98.00 to C$103.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. National Bankshares raised 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 research note on Thursday, August 7th. Finally, BMO Capital Markets boosted their price objective on Premium Brands from C$94.00 to C$109.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th.

Premium Brands Stock Up 0.5%

TSE:PBH opened at C$93.45 on Wednesday. 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 stock has a 50 day moving average of C$92.50 and a 200-day moving average of C$84.36. The firm has a market capitalization of C$4.17 billion, a PE ratio of 44.93, a price-to-earnings-growth ratio of 1.10 and a beta of 0.49. Premium Brands has a 52 week low of C$72.57 and a 52 week high of C$97.10.

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.

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