Premium Brands Holdings (TSX: PBH), the Consumer Goods sector company was revisited on August 13, yet the Wall Street analyst remains currently on the sidelines. Scotiabank’s analyst George Doumet reiterates their Hold rating on the shares, with a C$116 price target.
According to TipRanks.com, Doumet is ranked #1604 out of 4857 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$122.33 average price target, which is a 19.0% upside from current levels. In a report issued on August 13, Canaccord Genuity also maintained a Hold rating on the stock with a C$110 price target.
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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$102.84.
