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

Shares of Premium Brands Holdings Co. (TSE:PBH - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$103.11.

PBH has been the topic of a number of recent research reports. Stifel Nicolaus dropped their target price on Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. CIBC decreased their target price on Premium Brands from C$103.00 to C$90.00 in a research report on Thursday, November 7th. National Bankshares boosted their target price on Premium Brands from C$101.00 to C$109.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 24th. BMO Capital Markets reduced their price objective on Premium Brands from C$111.00 to C$94.00 in a research report on Thursday, November 7th. Finally, TD Securities dropped their target price on Premium Brands from C$129.00 to C$120.00 and set a "buy" rating for the company in a research note on Thursday, November 7th.

Premium Brands Stock Performance

PBH traded up C$0.74 during trading on Tuesday, hitting C$77.59. 96,969 shares of the stock were exchanged, compared to its average volume of 65,749. The firm has a market capitalization of C$3.46 billion, a P/E ratio of 34.54, a PEG 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 stock has a fifty day moving average price of C$78.41 and a two-hundred day moving average price of C$84.48. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00.

Insider Transactions at Premium Brands

In related news, Director Johnny Ciampi bought 2,000 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was bought at an average price of C$78.78 per share, with a total value of C$157,560.00. Company insiders own 2.01% of the company's stock.

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.