A statement released earlier today by Scotia Capital about Premium Brands Holdings Corporation (TSE:PBH) bumps the target price to $67.00
- Updated: October 14, 2016
Yesterday Premium Brands Holdings Corporation (TSE:PBH) traded 2.66% higher at $66.04. The company’s 50-day moving average is $62.52 and its 200-day moving average is $57.70. The last stock close price is up 14.45% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 128,619 shares of the stock were exchanged, up from an average trading volume of 81,968
Scotia Capital upped the target of Premium Brands Holdings Corporation (TSE:PBH) to $67.00 indicating a possible upside of 0.01%.
Previously on 05/13/2016, TD Securities reported about Premium Brands Holdings Corporation (TSE:PBH) lowered the target price from $70.00 to $69.00. At the time, this indicated a possible upside of 0.19%.
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Premium Brands Holdings Corporation has a 52 week low of $33.50 and a 52 week high of $66.10 with a P/E ratio of 38.31 The company’s market cap is currently $0.
In addition to Scotia Capital reporting its target price, a total of 7 firms have issued a report on the stock. The consensus target price is $47.21 with 1 firm rating the stock a strong buy, 3 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Premium Brands Holdings Corporation (TSE:PBH)
Premium Brands Holdings Corp is a Canada-based producer, marketer and distributor of specialty food products. The Company owns a range of specialty food manufacturing and food distribution businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, Ohio and Washington State. Its segments include Specialty Foods and Premium Food Distribution, as well as corporate costs (Corporate). The Specialty Foods segment consists of its specialty food manufacturing businesses and includes Harvest, Grimm's, Freybe, Hygaard, Quality Fast Foods, Hempler's, Made-Rite Meat Products, Creekside, Stuyver's, SK Food Group and Expresco. The Premium Food Distribution segment consists of the Company's differentiated distribution and wholesale businesses, and includes Centennial Foodservice, B&C Food Distributors, Harlan Fairbanks, Worldsource, E1even, Wescadia, Maximum Seafood and Ocean Miracle. The Corporate segment consists of its head office activities.
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