In a new note to investors today, an analyst has provided a rating update for Premium Brands Holdings (PBH). The company received a Buy rating from RBC Capital’s analyst Sabahat Khan, with a C$96 price target.
According to TipRanks.com, Khan is ranked #2196 out of 5169 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Premium Brands Holdings with a C$86 average price target.
Based on Premium Brands Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$10 million. In comparison, last year the company had a net profit of C$13.2 million.
Premium Brands Holdings Corp. manufactures and distributes a variety of specialty food products. It operates through the following business segments: Specialty Foods and Premium Food Distribution.
The company’s shares closed on Tuesday at C$77.98.