Premium Brands Holdings Co. (TSE:PBH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Premium Brands Holdings Co. (TSE:PBH) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$101.90.

A number of equities analysts have weighed in on PBH shares. Ventum Financial boosted their target price on Premium Brands from C$109.00 to C$120.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. Cibc World Mkts upgraded shares of Premium Brands from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Desjardins boosted their price objective on shares of Premium Brands from C$93.00 to C$98.00 in a report on Friday, May 9th. Canaccord Genuity Group upgraded shares of Premium Brands to a “strong-buy” rating in a research report on Tuesday, May 27th. Finally, BMO Capital Markets lifted their target price on shares of 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.

Insider Activity at Premium Brands

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

Premium Brands Stock Up 0.4%

PBH stock opened at C$80.65 on Monday. The stock has a market capitalization of C$3.59 billion, a P/E ratio of 35.90, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. Premium Brands has a 1-year low of C$72.57 and a 1-year high of C$97.10. The business has a fifty day moving average price of C$80.15 and a 200-day moving average price of C$78.74.

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.