Shares of Premium Brands Holdings Co. (TSE:PBH - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$103.90.
PBH has been the topic of a number of recent research reports. Desjardins boosted their target price on shares of Premium Brands from C$93.00 to C$98.00 in a research report on Friday, May 9th. Ventum Financial boosted their target price on shares of Premium Brands from C$109.00 to C$120.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Canaccord Genuity Group raised shares of Premium Brands to a "strong-buy" rating in a research report on Tuesday, May 27th. National Bankshares boosted their target price on shares of Premium Brands from C$96.00 to C$97.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Finally, CIBC cut their price target on shares of Premium Brands from C$98.00 to C$95.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th.
Check Out Our Latest Report on PBH
Insider Activity at Premium Brands
In other news, Senior Officer William Dion Kalutycz sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of C$81.57, for a total transaction of C$652,575.20. Corporate insiders own 2.01% of the company's stock.
Premium Brands Stock Down 0.9%
Shares of PBH traded down C$0.81 during midday trading on Friday, reaching C$89.70. The stock had a trading volume of 89,299 shares, compared to its average volume of 98,443. Premium Brands has a 1-year low of C$72.57 and a 1-year high of C$97.10. The company's fifty day simple moving average is C$81.82 and its two-hundred day simple moving average is C$79.19. The company has a market cap of C$4.00 billion, a price-to-earnings ratio of 39.93, a PEG ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16.
Premium Brands Company Profile
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Get Free ReportPremium 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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