Analysts Set Premium Brands Holdings Co. (TSE:PBH) Target Price at C$111.45

Premium Brands Holdings Co. (TSE:PBH) has received an average rating of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Two 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 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$111.91.

Several research analysts have recently issued reports on the stock. CIBC raised 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 report on Thursday, August 7th. Desjardins lifted their price target on shares of Premium Brands from C$98.00 to C$103.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Scotiabank lifted their price target on shares of Premium Brands from C$100.00 to C$103.00 and gave the company a “sector perform” rating in a report on Wednesday, October 8th. TD Securities lifted their price target on shares of Premium Brands from C$140.00 to C$145.00 and gave the company a “buy” rating in a report on Monday. Finally, BMO Capital Markets lifted their price target on shares of Premium Brands from C$94.00 to C$109.00 and gave the company an “outperform” rating in a report on Thursday, August 7th.

Premium Brands Stock Up 0.2%

Shares of Premium Brands stock opened at C$97.66 on Friday. 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 52-week low of C$72.57 and a 52-week high of C$99.90. The stock has a market capitalization of C$4.36 billion, a price-to-earnings ratio of 46.95, a P/E/G ratio of 1.10 and a beta of 0.34. The company’s 50 day moving average price is C$94.60 and its 200-day moving average price is C$87.08.

Premium Brands Company Profile

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company’s business segments include Specialty Foods, Premium Food Distribution, and Corporate.