Brokerages Set Premium Brands Holdings Co. (TSE:PBH) Target Price at C$103.11

Premium Brands Holdings Co. (TSE:PBH) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$103.11.

A number of equities research analysts have commented on the stock. Royal Bank of Canada dropped their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. CIBC dropped their price objective on shares of Premium Brands from C$103.00 to C$90.00 in a research report on Thursday, November 7th. TD Securities dropped their price objective on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Raymond James set a C$100.00 price objective on shares of Premium Brands and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Stifel Nicolaus dropped their price objective on shares of Premium Brands from C$106.00 to C$101.00 in a research report on Thursday, November 7th.

Premium Brands Trading Up 1.0 %

Shares of TSE:PBH opened at C$77.59 on Tuesday. Premium Brands has a 52 week low of C$74.00 and a 52 week high of C$97.10. The company’s 50 day moving average is C$78.37 and its two-hundred day moving average is C$84.37. 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 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.

Insider Activity

In related news, Director Johnny Ciampi purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were purchased at an average price of C$78.78 per share, for a total transaction of C$157,560.00. Corporate 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.