Premium Brands Holdings Co. (TSE:PBH) hit a new 52-week high on Tuesday . The company traded as high as C$122.77 and last traded at C$121.50, with a volume of 26930 shares trading hands. The stock had previously closed at C$121.41.
PBH has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their price target on shares of Premium Brands from C$119.00 to C$133.00 and gave the company an “outperform” rating in a research report on Wednesday, April 11th. CIBC set a C$116.00 price target on shares of Premium Brands and gave the company an “outperform” rating in a research report on Thursday, January 18th. BMO Capital Markets lifted their price target on shares of 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. National Bank Financial lifted their price target on shares of Premium Brands from C$115.00 to C$125.00 and gave the company an “outperform” rating in a research report on Friday, March 16th. Finally, TD Securities lifted their price target on shares of 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. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$126.43.
Premium Brands (TSE:PBH) last posted its quarterly earnings data on Thursday, March 15th. The company reported C$0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.86 by C($0.25). Premium Brands had a net margin of 3.82% and a return on equity of 19.68%. The business had revenue of C$585.40 million during the quarter, compared to analysts’ expectations of C$611.90 million.
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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.
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