Premium Brands (TSE:PBH) PT Raised to C$129.00

Premium Brands (TSE:PBH) had its price objective boosted by research analysts at TD Securities from C$125.00 to C$129.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 49.25% from the stock’s previous close.

Several other research firms have also weighed in on PBH. Desjardins increased their price objective on shares of Premium Brands from C$105.00 to C$106.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Royal Bank of Canada raised their price target on Premium Brands from C$99.00 to C$101.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 14th. Pi Financial restated a “buy” rating and set a C$112.00 price objective on shares of Premium Brands in a research note on Tuesday, April 16th. National Bankshares cut their target price on Premium Brands from C$111.00 to C$101.00 in a research note on Friday. Finally, Stifel Nicolaus upped their price target on shares of Premium Brands from C$104.00 to C$106.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$112.30.

Premium Brands Stock Performance

Shares of PBH traded up C$0.38 during mid-day trading on Monday, hitting C$86.43. The stock had a trading volume of 10,856 shares, compared to its average volume of 49,876. Premium Brands has a fifty-two week low of C$84.66 and a fifty-two week high of C$112.55. The company has a quick ratio of 1.16, a current ratio of 2.02 and a debt-to-equity ratio of 159.19. The company has a market cap of C$3.84 billion, a PE ratio of 40.55, a PEG ratio of 1.10 and a beta of 1.00. The company’s fifty day simple moving average is C$91.58 and its two-hundred day simple moving average is C$90.43.

Premium Brands (TSE:PBH) last released its earnings results on Monday, May 13th. The company reported C$0.54 earnings per share for the quarter, missing the consensus estimate of C$0.56 by C($0.02). Premium Brands had a net margin of 1.50% and a return on equity of 5.37%. The business had revenue of C$1.46 billion for the quarter, compared to the consensus estimate of C$1.45 billion. On average, equities analysts expect that Premium Brands will post 4.9137555 earnings per share for the current year.

About Premium Brands

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.