A Wall Street analyst has provided a review for the Consumer Goods company today, but retained the same rating on the stock. Premium Brands Holdings (PBH) received a Buy rating from RBC Capital’s analyst Sabahat Khan, with a C$126 price target.
According to TipRanks.com, Khan is ranked #1116 out of 4900 analysts.
Currently, the analyst consensus on Premium Brands Holdings is a Strong Buy with an average price target of C$122.63, which is a 41.1% upside from current levels. In a report issued on November 6, Canaccord Genuity also upgraded the stock to Buy 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$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 Monday at C$86.90, close to its 52-week low of C$85.09.
