Analysts have been quite happy with Premium Brands Holdings (PBH) stock lately, with another positive rating update this time from Canaccord Genuity. The company received a Buy today from analyst Derek Dley, with a C$100 price target.
According to TipRanks.com, Dley is ranked #477 out of 4890 analysts.
Currently, the analyst consensus on Premium Brands Holdings is a Strong Buy with an average price target of C$106.10, which is a 49.8% upside from current levels. In a report issued on November 12, RBC Capital also maintained a Buy rating on the stock with a C$126 price target.
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Based on Premium Brands Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$36.1 million. In comparison, last year the company had a net profit of C$21.3 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 Wednesday at C$70.81.
