Premium Brands (PRBZF) Stock Forecast & Price Target

$64.80

0.00 (0.00%)

(As of 07/26/2024 ET)

Stock Analysis Analyst Forecasts Chart Headlines Short Interest

Premium Brands - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 5 Analyst Ratings

Based on 5 Wall Street analysts who have issued ratings for Premium Brands in the last 12 months, the stock has a consensus rating of "Hold." Out of the 5 analysts, 3 have given a hold rating, and 2 have given a buy rating for PRBZF.

Consensus Price Target

$103.67
59.98% Upside

High Forecast	$115.00
Average Forecast	$103.67
Low Forecast	$97.00

According to the 5 analysts' twelve-month price targets for Premium Brands, the average price target is $103.67. The highest price target for PRBZF is $115.00, while the lowest price target for PRBZF is $97.00. The average price target represents a forecasted upside of 59.98% from the current price of $64.80.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Hold	Hold	Hold	N/A
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	N/A
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	N/A
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	N/A
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	N/A
Consensus Price Target	$103.67	$103.67	$103.67	N/A
Forecasted Upside	59.98% Upside	62.27% Upside	62.27% Upside	N/A

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PRBZF Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PRBZF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Premium Brands Stock vs. The Competition

Type	Premium Brands	Consumer Defensive Companies	S&P 500
Consensus Rating Score	2.40	2.34	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	59.98% Upside	742.95% Upside	9.15% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
3/18/2024	BMO Capital Markets 3 of 5 stars	Lower Target	Outperform ➝ Outperform	$117.00 ➝ $115.00	+80.01%
3/18/2024	CIBC 3 of 5 stars	Lower Target	Neutral ➝ Neutral	$102.00 ➝ $97.00	+51.84%
3/18/2024	Royal Bank of Canada 4 of 5 stars	Lower Target	Sector Perform ➝ Sector Perform	$103.00 ➝ $99.00	+54.97%
11/15/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
8/15/2023	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$110.00 ➝ C$124.00
8/15/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$125.00 ➝ C$135.00
Get the Latest News and Ratings for PRBZF and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Premium Brands and its competitors with MarketBeat's FREE daily newsletter.
8/14/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform
5/1/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$114.00 ➝ C$121.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 02:00 AM ET.

PRBZF Forecast - Frequently Asked Questions

What is Premium Brands' forecast for 2024?: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Premium Brands is $103.67, with a high forecast of $115.00 and a low forecast of $97.00.
Should I buy or sell Premium Brands stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Premium Brands in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PRBZF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRBZF, but not buy additional shares or sell existing shares.
Does Premium Brands's stock price have much upside?: According to analysts, Premium Brands's stock has a predicted upside of 62.27% based on their 12-month stock forecasts.
Do Wall Street analysts like Premium Brands more than its competitors?: Analysts like Premium Brands more than other "consumer defensive" companies. The consensus rating score for Premium Brands is 2.40 while the average consensus rating score for "consumer defensive" companies is 2.34. Learn more on how PRBZF compares to other companies.