Today, an analyst has provided a rating update for the Consumer Goods sector company, Premium Brands Holdings (TSX: PBH). Analyst Derek Dley from Canaccord Genuity rated Premium Brands Holdings (TSX: PBH) a Hold, setting a C$110 price target.
Dley commented:
“We are reiterating our HOLD rating and target price of C$110.00 following the announcement of the acquisition of Ready Seafood.”
According to TipRanks.com, Dley is ranked #432 out of 4875 analysts.
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Currently, the analyst consensus on Premium Brands Holdings is a Moderate Buy with an average price target of C$122.20.
Based on Premium Brands Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$30.6 million. In comparison, last year the company had a net profit of C$26.7 million.
Premium Brands Holdings Corp. manufactures and distributes a variety of specialty food products. The company operates through the following business segments: Specialty Foods and Premium Food Distribution.
The company’s shares closed on Tuesday at C$97.37.
