CIBC Keeps Their Hold Rating on Premium Brands Holdings (PBH)

Yesterday, an analyst has provided a rating update for Premium Brands Holdings (PBHResearch Report). CIBC’s analyst John Zamparo reiterates their Hold rating on the shares, with a C$72 price target.

According to TipRanks.com, Zamparo is ranked #4438 out of 5259 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Premium Brands Holdings with a C$85.75 average price target.

Based on Premium Brands Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$36.1 million. In comparison, last year the company had a net profit of C$17.2 million.

Premium Brands Holdings Corp. manufactures and distributes a variety of specialty food products. The company operates through the following business segments: Specialty Foods and Premium Food Distribution.

The company’s shares closed on Friday at C$72.91, close to its 52-week low of C$66.99.

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