Premium Brands Holdings Co. (TSE:PBH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Premium Brands Holdings Co. (TSE:PBH) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$101.78.

PBH has been the subject of several recent research reports. National Bankshares reduced their price target on Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada lifted their price target on Premium Brands from C$96.00 to C$97.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Raymond James set a C$100.00 price target on Premium Brands and gave the company an “outperform” rating in a research report on Thursday, December 19th.

Premium Brands Stock Performance

TSE:PBH opened at C$78.72 on Friday. The company has a market capitalization of C$3.51 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.10 and a beta of 0.98. Premium Brands has a 1 year low of C$74.00 and a 1 year high of C$97.10. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. The business has a fifty day simple moving average of C$77.76 and a two-hundred day simple moving average of C$83.00.

About Premium Brands

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.