Premium Brands Holdings (PBH) was Upgraded to a Buy Rating at Scotiabank


In a latest note to investors, a research analyst has provided a rating update for the Premium Brands Holdings (PBH). The company received a Buy on November 27 from Scotiabank’s analyst George Doumet, with a C$85 price target.

According to TipRanks.com, Doumet is ranked #1736 out of 5131 analysts.

Read also: This Analyst Presses the ‘Buy’ Button on Foot Locker (FL) Stock on Back of Strong Earnings

Currently, the analyst consensus on Premium Brands Holdings is a Strong Buy with an average price target of C$92.13, representing a 18.7% upside. In a report issued on November 12, RBC Capital also maintained a Buy rating on the stock with a C$100 price target.

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The company has a one-year high of C$122.77 and a one-year low of C$66.99. Currently, Premium Brands Holdings has an average volume of 180.5K.

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 Friday at C$77.61.

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