Scotiabank Keeps Their Hold Rating on Premium Brands Holdings

By Jason Carr

The Consumer Goods sector company, Premium Brands Holdings (TSX: PBH), has received a rating update from a Wall Street analyst on May 15. On May 15, analyst George Doumet gave a Hold rating to PBH and set a C$90 price target.

According to TipRanks.com, Doumet is ranked #403 out of 4572 analysts.

Currently, the analyst consensus on Premium Brands Holdings is Hold and the average price target is C$88.60, representing a -3.2% downside.

In a report issued on May 15, Canaccord Genuity also reiterated a Hold rating on the stock with a C$82 price target.

Premium Brands Holdings’ market cap is currently C$2.66B and has a P/E ratio of 37.8.

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 Tuesday at $91.53.