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

Premium Brands Holdings Co. (TSE:PBH) has been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to 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.

Several brokerages recently issued reports on PBH. Raymond James set a C$100.00 price objective on shares of Premium Brands and gave the company an “outperform” rating in a research note on Thursday, December 19th. CIBC dropped their price objective on shares of Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. Stifel Nicolaus decreased their target price on shares of Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. BMO Capital Markets decreased their target price on shares of Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. Finally, Royal Bank of Canada decreased their target price on shares of Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th.

Premium Brands Stock Up 1.0 %

Shares of TSE PBH opened at C$77.59 on Tuesday. Premium Brands has a 12-month low of C$74.00 and a 12-month high of C$97.10. The stock has a market cap of C$3.46 billion, a PE ratio of 34.54, a P/E/G ratio of 1.10 and a beta of 0.98. 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 company has a 50-day moving average of C$78.37 and a 200 day moving average of C$84.37.

Insider Transactions at Premium Brands

In related news, Director Johnny Ciampi acquired 2,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were purchased at an average cost of C$78.78 per share, for a total transaction of C$157,560.00. Company insiders own 2.01% of the company’s stock.

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.