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Premium Brands Holdings Corp
Symbol PBH
Shares Issued 44,629,382
Close 2024-11-29 C$ 78.57
Market Cap C$ 3,506,530,544
Recent Sedar Documents

Globe says Restaurant Brands maintained at "buy"

2024-11-29 07:23 ET - In the News

The Globe and Mail reports in its Friday, Nov. 29, edition that TD Cowen analysts have named Premium Brands Holdings to their "Best Ideas 2025" list. The Globe's David Leeder writes in the Eye On Equities column that the analysts rate Premium Brands Holdings "buy" with a Street-high $120 share target. Analysts on average target the shares at $102.67. TD Cowen analyst Derek Lessard says in a note: "We are convinced that Premium Brands Holdings is on the cusp of materially benefiting from its multiyear investment cycle. Premium Brands Holdings' long-term growth opportunity outweighs the challenges facing one of its largest customer, which we believe are only temporary. Given stabilized operating environment, we see Premium Brands on the cusp of materially benefiting from its multiyear investment cycle in capacity, automation, and innovation. Specialty foods is poised to grow with fewer capacity constraints, large sandwich/protein launches with major foodservice/Restaurant Brands International customers, and innovation. Longer term, we also see potential value creation events that could further add significantly to the share price."

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