Brokerages Set Premium Brands Holdings Co. (PBH) Target Price at $126.43

Premium Brands Holdings Co. (TSE:PBH) has been given an average rating of “Buy” by the seven analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$126.43.

PBH has been the subject of a number of analyst reports. Scotiabank increased their price target on Premium Brands from C$98.50 to C$110.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 11th. Royal Bank of Canada lowered their price target on Premium Brands from C$120.00 to C$119.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. BMO Capital Markets increased their price target on Premium Brands from C$118.00 to C$134.00 and gave the company an “outperform” rating in a research report on Wednesday, April 11th. CIBC set a C$116.00 price target on Premium Brands and gave the company an “outperform” rating in a research report on Thursday, January 18th. Finally, TD Securities increased their price target on Premium Brands from C$125.00 to C$140.00 and gave the company an “action list buy” rating in a research report on Wednesday, April 11th.

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Shares of TSE:PBH traded up C$1.14 during trading on Wednesday, reaching C$121.99. 62,906 shares of the stock were exchanged, compared to its average volume of 78,457. Premium Brands has a 1-year low of C$82.16 and a 1-year high of C$122.00.

Premium Brands (TSE:PBH) last issued its earnings results on Thursday, March 15th. The company reported C$0.61 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.86 by C($0.25). Premium Brands had a return on equity of 19.68% and a net margin of 3.82%. The firm had revenue of C$585.40 million for the quarter, compared to analyst estimates of C$611.90 million.

In other Premium Brands news, Director Stephen Sposari sold 5,800 shares of the company’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of C$110.77, for a total value of C$642,466.00.

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About Premium Brands

Premium Brands Holdings Corporation manufactures and distributes food products in Canada and the United States. It operates through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal products, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini products, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.

Analyst Recommendations for Premium Brands (TSE:PBH)

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