Premium Brands Holdings Receives a Hold from BMO Capital

By Jason Carr

Wall Street analyst has provided a rating update for the Consumer Goods sector company yesterday, while remaining neutral on the stock. Analyst Stephen Macleod from BMO Capital remains neutral on Premium Brands Holdings (TSX: PBH) and has a C$95 price target.

According to TipRanks.com, Macleod is ranked #158 out of 4572 analysts.

Currently, the analyst consensus on Premium Brands Holdings is Hold and the average price target is C$86.20, representing a -3.7% downside.

In a report released yesterday, Canaccord Genuity also reiterated a Hold rating on the stock with a C$82 price target.

The company has a one year high of C$89.92 and a one year low of C$51. Currently, Premium Brands Holdings has an average volume of 128.9K.

Premium Brands Holdings Corp. manufactures and distributes a variety of specialty food products. The company operates through two segments: Specialty Foods and Premium Food Distribution. The Specialty Foods segment includes harvest, grimm’s, freybe, hygaard, quality Fast Foods, hempler’s, made-rite meat products, creekside, stuyver’s, duso’s, SK food group, deli chef, SJ fine foods, piller’s, isernio’s and expresco. The Premium Food Distribution segment includes centennial foodservice, B&C food distributors, harlan fairbanks, worldsource, e1even, wescadia, ocean miracle, maximum seafood and hub city fisheries. Premium Brands Holdings was founded in 1917 and is headquartered in Richmond, Canada.

The company’s shares closed last Monday at $89.51, close to its 52-week high of $89.92.