Premium Brands Holdings Corp (TSE:PBH) has received an average rating of “Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$101.29.
A number of research analysts have weighed in on the stock. TD Securities cut shares of Premium Brands from an “action list buy” rating to a “buy” rating and cut their price objective for the company from C$145.00 to C$95.00 in a report on Wednesday, November 14th. Canaccord Genuity cut their price objective on shares of Premium Brands from C$110.00 to C$100.00 in a report on Wednesday, November 14th. BMO Capital Markets cut their price objective on shares of Premium Brands from C$138.00 to C$137.00 in a report on Tuesday, August 14th. CIBC cut shares of Premium Brands from an “outperform” rating to a “neutral” rating and cut their price objective for the company from C$126.00 to C$82.00 in a report on Monday, November 19th. Finally, National Bank Financial cut their price objective on shares of Premium Brands from C$130.00 to C$95.00 and set an “outperform” rating for the company in a report on Wednesday, November 14th.
In other news, Director Kenneth Propp sold 2,200 shares of Premium Brands stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of C$98.19, for a total value of C$216,018.00. Also, insider Douglas Owen Goss bought 1,000 shares of the company’s stock in a transaction dated Friday, November 16th. The stock was bought at an average price of C$69.23 per share, for a total transaction of C$69,230.00.
About Premium Brands
Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily 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, sandwiches, pastries, specialty and gourmet products, salads and kettle, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.
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