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

Key Points

• Premium Brands has a consensus “Buy” rating from 14 analysts: 12 recommend buying, one rates it a hold, and one gives a strong-buy rating. The average 12-month price target is C$116.25, well above the C$80.68 opening price cited.
• Analysts recently adjusted their targets in both directions, with targets ranging from C$100 to C$128; several firms maintained buy or outperform recommendations despite lowering estimates.
• Premium Brands reported quarterly revenue of C$2.38 billion and EPS of C$1.53, but profitability remained modest, with a 1.01% net margin and 4.19% return on equity.

Shares of Premium Brands Holdings Co. (TSE:PBH - Get Free Report) have earned a consensus rating of "Buy" from the fourteen ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$116.25.

Several analysts have issued reports on PBH shares. Ventum Capital upped their price objective on Premium Brands from C$124.00 to C$128.00 and gave the company a "buy" rating in a research note on Friday, May 8th. Royal Bank Of Canada reduced their target price on Premium Brands from C$131.00 to C$120.00 and set an "outperform" rating for the company in a research note on Friday, August 7th. Canaccord Genuity Group decreased their target price on Premium Brands from C$123.00 to C$117.00 in a report on Friday, August 7th. Ventum dropped their price target on Premium Brands from C$128.00 to C$127.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce dropped their price target on Premium Brands from C$115.00 to C$100.00 and set a "strong-buy" rating on the stock in a research note on Friday, August 7th.

Premium Brands Stock Up 0.4%

Premium Brands stock opened at C$80.68 on Friday. The firm has a market capitalization of C$4.19 billion, a PE ratio of 49.20, a P/E/G ratio of 1.10 and a beta of 0.90. The company's 50-day moving average is C$86.95 and its 200-day moving average is C$89.87. Premium Brands has a fifty-two week low of C$79.55 and a fifty-two week high of C$106.79. The company has a debt-to-equity ratio of 153.93, a current ratio of 1.36 and a quick ratio of 1.16.

Premium Brands (TSE:PBH - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share (EPS) for the quarter. Premium Brands had a net margin of 1.01% and a return on equity of 4.19%. The business had revenue of C$2.38 billion during the quarter. Sell-side analysts anticipate that Premium Brands will post 6.039823 earnings per share for the current year.

Premium Brands Company Profile

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.

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