Brokerages Set Premium Brands Holdings Co. (TSE:PBH) PT at C$103.40

Shares of Premium Brands Holdings Co. (TSE:PBH - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$103.40.

A number of equities analysts have weighed in on PBH shares. Scotiabank raised Premium Brands to a "hold" rating in a research report on Tuesday, April 1st. BMO Capital Markets boosted their target price on shares of Premium Brands from C$94.00 to C$100.00 and gave the company an "outperform" rating in a research note on Monday, March 24th. Desjardins dropped their price target on Premium Brands from C$95.00 to C$93.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Cibc World Mkts raised Premium Brands from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Finally, National Bankshares reduced their price target on shares of 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.

Premium Brands Stock Up 2.4 %

Shares of Premium Brands stock traded up C$1.74 on Wednesday, reaching C$75.06. The company's stock had a trading volume of 46,841 shares, compared to its average volume of 92,235. The company has a market capitalization of C$3.34 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00. Premium Brands has a 52 week low of C$72.57 and a 52 week high of C$97.10. The firm's fifty day simple moving average is C$77.16 and its two-hundred day simple moving average is C$81.50.

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.