Shares of Premium Brands Holdings Co. (TSE:PBH – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$118.62.
A number of analysts have recently weighed in on PBH shares. Stifel Nicolaus set a C$117.00 price objective on Premium Brands and gave the stock a “buy” rating in a research report on Monday, July 20th. Ventum Capital upped their target price on Premium Brands from C$124.00 to C$128.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Royal Bank Of Canada increased their price target on Premium Brands from C$129.00 to C$131.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Scotia increased their price target on Premium Brands from C$100.00 to C$110.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. Finally, Ventum Financial set a C$124.00 price target on Premium Brands and gave the stock a “buy” rating in a report on Wednesday, April 22nd.
Check Out Our Latest Stock Analysis on PBH
Premium Brands Stock Performance
Premium Brands (TSE:PBH – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.83 earnings per share (EPS) for the quarter. The business had revenue of C$2.05 billion for the quarter. Premium Brands had a net margin of 0.52% and a return on equity of 2.21%. As a group, sell-side analysts anticipate that Premium Brands will post 6.039823 earnings per share for the current fiscal year.
About Premium Brands
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. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company’s distribution and wholesale businesses; the Corporate segment includes the company’s head office activities along with its finance and information systems.
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