RBC Capital Thinks Premium Brands Holdings’ Stock is Going to Recover


In a new note to investors today, an analyst has provided a rating update for Premium Brands Holdings (PBH). RBC Capital’s analyst Sabahat Khan reiterates their Buy rating on the shares, with a C$97 price target.

According to TipRanks.com, Khan is ranked #2114 out of 5259 analysts.

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Currently, the analyst consensus on Premium Brands Holdings is a Moderate Buy with an average price target of C$87.67, implying a 19.5% upside from current levels. In a report released today, Canaccord Genuity also reiterated a Buy rating on the stock with a C$90 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$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 Friday at C$73.37, close to its 52-week low of C$66.99.