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

Shares of Premium Brands Holdings Co. (TSE:PBH - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities 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 ratings on the stock in the last year is C$101.90.

PBH has been the topic of a number of recent research reports. BMO Capital Markets increased their price target on Premium Brands from C$94.00 to C$100.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. Canaccord Genuity Group raised Premium Brands to a "strong-buy" rating in a research report on Tuesday, May 27th. Royal Bank Of Canada dropped their price objective on Premium Brands from C$98.00 to C$97.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 6th. CIBC dropped their price objective on Premium Brands from C$98.00 to C$95.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Finally, Desjardins raised their price objective on Premium Brands from C$93.00 to C$98.00 in a research report on Friday, May 9th.

Insiders Place Their Bets

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

Premium Brands Price Performance

PBH opened at C$78.90 on Monday. Premium Brands has a 12-month low of C$72.57 and a 12-month high of C$97.10. 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 business's fifty day simple moving average is C$79.80 and its 200-day simple moving average is C$78.74. The company has a market capitalization of C$3.52 billion, a price-to-earnings ratio of 35.12, a PEG ratio of 1.10 and a beta of 0.98.

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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