Premium Brands Holdings (PBH) was Downgraded to a Hold Rating at Desjardins


Yesterday, an analyst has provided a rating update for Premium Brands Holdings (PBH). David Newman, an analyst with Desjardins, has downgraded their rating on PBH to Hold , with a C$88 price target.

According to TipRanks.com, Newman is ranked #2739 out of 5152 analysts.

Read also: Wall Street Is Getting More Upbeat About Coty Inc (COTY) Stock; RBC Capital Reiterates a Buy

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Premium Brands Holdings with a C$90.33 average price target.

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$17.2 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$78.05.

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