Premium Brands Holdings Co. (TSE:PBH) Receives Consensus Rating of “Moderate Buy” from Analysts

Premium Brands Holdings Co. (TSE:PBH) has earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$103.11.

PBH has been the subject of a number of analyst reports. BMO Capital Markets cut their price target on Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. CIBC lowered their price target on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Stifel Nicolaus cut their price objective on Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. TD Securities lowered their target price on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Royal Bank of Canada dropped their target price on shares of Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th.

Insider Buying and Selling

In other Premium Brands news, Director Johnny Ciampi bought 2,000 shares of Premium Brands stock in a transaction on Friday, November 29th. The stock was acquired at an average cost of C$78.78 per share, with a total value of C$157,560.00. 2.01% of the stock is currently owned by corporate insiders.

Premium Brands Price Performance

Shares of TSE PBH opened at C$76.32 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. The stock has a fifty day simple moving average of C$78.60 and a two-hundred day simple moving average of C$84.75. Premium Brands has a 1-year low of C$74.00 and a 1-year high of C$97.10. The firm has a market cap of C$3.40 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

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.