Premium Brands Holdings Corp (PBH) PT Raised to C$78.00

Premium Brands Holdings Corp (TSE:PBH) had its price target increased by equities research analysts at Scotiabank from C$67.00 to C$78.00 in a research note issued to investors on Friday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential downside of 4.01% from the company’s previous close.

PBH has been the subject of a number of other research reports. Royal Bank of Canada reissued an “outperform” rating and set a C$78.00 target price on shares of Premium Brands Holdings Corp in a research report on Monday, January 16th. TD Securities increased their price objective on shares of Premium Brands Holdings Corp from C$80.00 to C$83.00 and gave the company an “action list buy” rating in a research report on Monday, January 23rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a C$70.00 price objective on shares of Premium Brands Holdings Corp in a research report on Tuesday, December 6th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Premium Brands Holdings Corp has a consensus rating of “Buy” and a consensus target price of C$78.71.

Analyst Recommendations for Premium Brands Holdings Corp (TSE:PBH)

Premium Brands Holdings Corp (TSE:PBH) opened at 81.26 on Friday. The company has a market cap of $2.42 billion and a price-to-earnings ratio of 39.24. The company’s 50 day moving average is $71.18 and its 200 day moving average is $66.86. Premium Brands Holdings Corp has a 1-year low of $50.98 and a 1-year high of $81.28.

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Premium Brands Holdings Corp Company Profile

Premium Brands Holdings Corp is a Canada-based company that, through its subsidiaries, owns a range of specialty food manufacturing and food distribution businesses. The Company’s segments include Specialty Foods and Premium Food Distribution. Its family of brands and businesses include Conte Foods, Larosa Foods, McSweeney’s, Direct Plus, OvenPride and Island City Baking.

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