Premium Brands (PBH) Hits New 1-Year High at $122.77

Shares of Premium Brands Holdings Co. (TSE:PBH) reached a new 52-week high during trading on Tuesday . The company traded as high as C$122.77 and last traded at C$121.50, with a volume of 26930 shares traded. The stock had previously closed at C$121.41.

A number of research firms recently commented on PBH. Scotiabank boosted their target price on shares of Premium Brands from C$98.50 to C$110.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 11th. Royal Bank of Canada boosted their price target on shares of Premium Brands from C$119.00 to C$133.00 and gave the company an “outperform” rating in a report on Wednesday, April 11th. BMO Capital Markets boosted their price target on shares of Premium Brands from C$118.00 to C$134.00 and gave the company an “outperform” rating in a report on Wednesday, April 11th. TD Securities boosted their price target on shares of Premium Brands from C$125.00 to C$140.00 and gave the company an “action list buy” rating in a report on Wednesday, April 11th. Finally, CIBC boosted their price target on shares of Premium Brands from C$116.00 to C$128.00 in a report on Wednesday, April 11th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$126.43.

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Premium Brands (TSE:PBH) last released its quarterly earnings results on Thursday, March 15th. The company reported C$0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.86 by C($0.25). Premium Brands had a net margin of 3.82% and a return on equity of 19.68%. The firm had revenue of C$585.40 million for the quarter, compared to analyst estimates of C$611.90 million.



In other news, Director Stephen Sposari sold 5,800 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of C$110.77, for a total transaction of C$642,466.00.

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Premium Brands Company Profile

Premium Brands Holdings Corporation manufactures and distributes food products in Canada and the United States. It operates through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal products, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini products, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.

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