The Consumer Goods sector company, Premium Brands Holdings (TSX: PBH), has received a rating update from a Wall Street analyst today. Analyst Derek Dley from Canaccord Genuity rated Premium Brands Holdings (TSX: PBH) a Hold, setting a C$110 price target.
According to TipRanks.com, Dley is ranked #438 out of 4847 analysts.
Read also: Weight Watchers (WTW) Runs Downhill, But this Analyst Thinks Now Is the Time to Buy the Stock
Currently, the analyst consensus on Premium Brands Holdings is a Moderate Buy with an average price target of C$121.50.
Based on Premium Brands Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$13.2 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 Monday at C$103.08.
