Premium Brands Holdings Corp (PBH) Downgraded by Cormark

Premium Brands Holdings Corp (TSE:PBH) was downgraded by Cormark from a “buy” rating to a “market perform” rating in a note issued to investors on Monday. They currently have a C$80.00 target price on the stock, up from their prior target price of C$76.00. Cormark’s price target would indicate a potential upside of 0.68% from the company’s current price.

Other analysts have also recently issued research reports about the stock. TD Securities raised their price objective on shares of Premium Brands Holdings Corp from C$83.00 to C$90.00 and gave the company an “action list buy” rating in a research note on Monday. Scotiabank raised their price objective on shares of Premium Brands Holdings Corp from C$67.00 to C$78.00 and gave the company a “sector perform” rating in a research note on Friday. Royal Bank of Canada raised their price objective on shares of Premium Brands Holdings Corp from C$78.00 to C$86.00 and gave the company an “outperform” rating in a research note on Friday. Finally, BMO Capital Markets raised their price objective on shares of Premium Brands Holdings Corp from C$70.00 to C$83.00 in a research note on Friday. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Premium Brands Holdings Corp has a consensus rating of “Buy” and an average price target of C$78.71.

Analyst Recommendations for Premium Brands Holdings Corp (TSE:PBH)

Premium Brands Holdings Corp (TSE:PBH) traded up 1.41% during trading on Monday, reaching $80.58. 126,316 shares of the company’s stock traded hands. The firm has a 50 day moving average of $70.83 and a 200 day moving average of $66.67. The firm has a market capitalization of $2.40 billion and a PE ratio of 38.91. Premium Brands Holdings Corp has a 1-year low of $50.98 and a 1-year high of $80.90.

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Premium Brands Holdings Corp Company Profile

Premium Brands Holdings Corp is a Canada-based company that, through its subsidiaries, owns a range of specialty food manufacturing and food distribution businesses. The Company’s segments include Specialty Foods and Premium Food Distribution. Its family of brands and businesses include Conte Foods, Larosa Foods, McSweeney’s, Direct Plus, OvenPride and Island City Baking.

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