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

Key Points

• Premium Brands Holdings Co. has received an average analyst rating of "Buy" from ten research firms, with recommendations ranging from hold to strong buy.
• The average target price for the stock is C$111.18, influenced by several recent adjustments by various financial institutions.
• As of the last trading session, Premium Brands shares have increased by 1.3% and are currently priced at C$94.55, with a market capitalization of C$4.22 billion.

Shares of Premium Brands Holdings Co. (TSE:PBH - Get Free Report) have earned an average rating of "Buy" from the ten analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$111.18.

Several analysts have recently commented on the company. TD Securities increased their target price on Premium Brands from C$120.00 to C$140.00 and gave the stock a "buy" rating in a report on Friday, July 18th. National Bankshares upped their price target on shares of Premium Brands from C$99.00 to C$101.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Royal Bank Of Canada raised shares of Premium Brands from a "hold" rating to a "moderate buy" rating and increased their price objective for the stock from C$100.00 to C$108.00 in a report on Thursday, August 7th. Raymond James Financial boosted their target price on shares of Premium Brands from C$100.00 to C$115.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, Scotiabank upped their target price on shares of Premium Brands from C$91.00 to C$100.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th.

Premium Brands Price Performance

TSE PBH traded up C$0.06 during trading hours on Friday, reaching C$93.91. 61,762 shares of the company's stock were exchanged, compared to its average volume of 95,098. The firm has a fifty day moving average of C$90.66 and a 200-day moving average of C$83.05. Premium Brands has a one year low of C$72.57 and a one year high of C$97.10. The stock has a market cap of C$4.19 billion, a PE ratio of 45.15, a price-to-earnings-growth ratio of 1.10 and a beta of 0.49. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00.

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.