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

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.

Premium Brands Holdings Co. (TSE:PBH - Get Free Report) has received an average rating of "Buy" from the ten research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$111.18.

PBH has been the subject of a number of research reports. National Bankshares lifted their price objective on 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. Scotiabank lifted their target price on Premium Brands from C$91.00 to C$100.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Raymond James Financial increased their price target on shares of Premium Brands from C$100.00 to C$115.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. BMO Capital Markets raised their price objective on shares of Premium Brands from C$94.00 to C$109.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, CIBC upped their target price on shares of Premium Brands from C$98.00 to C$108.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th.

Premium Brands Stock Up 1.3%

Premium Brands stock opened at C$94.55 on Friday. The company has a market capitalization of C$4.22 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 1.10 and a beta of 0.49. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51. Premium Brands has a fifty-two week low of C$72.57 and a fifty-two week high of C$97.10. The firm has a 50 day moving average price of C$89.66 and a 200 day moving average price of C$82.59.

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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