BMO Capital Markets Initiates Coverage on Primo Brands (NYSE:PRMB)

Analysts at BMO Capital Markets began coverage on shares of Primo Brands (NYSE:PRMB - Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage set an "outperform" rating and a $40.00 price target on the stock. BMO Capital Markets' price objective would suggest a potential upside of 25.51% from the company's previous close.

Separately, Deutsche Bank Aktiengesellschaft began coverage on Primo Brands in a research report on Monday, November 18th. They set a "buy" rating and a $33.00 price objective for the company.

Primo Brands Stock Up 2.6 %

NYSE:PRMB traded up $0.80 during trading hours on Monday, reaching $31.87. 3,098,239 shares of the company's stock were exchanged, compared to its average volume of 3,049,546. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.18 and a quick ratio of 2.07. The stock has a market cap of $12.09 billion, a P/E ratio of 19.80, a P/E/G ratio of 0.95 and a beta of 1.09. Primo Brands has a 1-year low of $14.06 and a 1-year high of $32.25.

About Primo Brands

Primo Water Corporation is a leading pure-play water solutions provider in North America and Europe. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo's revenue model is its industry leading line-up of sleek and innovative water dispensers, which are sold through major retailers and online at various price points or leased to customers.