Premium Brands (TSE:PBH) Given a C$100.00 Price Target by Raymond James Analysts

Premium Brands (TSE:PBH) received a C$100.00 price objective from research analysts at Raymond James in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price points to a potential upside of 26.73% from the company’s current price.

PBH has been the topic of several other research reports. CIBC lowered their target price on shares of Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. BMO Capital Markets dropped their price objective on shares of Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. Stifel Nicolaus reduced their target price on Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. National Bankshares raised their price target on Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada lowered their target price on Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$103.11.

Premium Brands Stock Up 0.7 %

TSE PBH traded up C$0.51 during trading on Thursday, reaching C$78.91. The company’s stock had a trading volume of 61,515 shares, compared to its average volume of 61,686. The stock has a market capitalization of C$3.50 billion, a PE ratio of 31.07, a PEG ratio of 1.10 and a beta of 0.98. Premium Brands has a 1-year low of C$75.67 and a 1-year high of C$97.10. The business has a 50-day moving average price of C$84.87 and a 200-day moving average price of C$88.74. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28.

Premium Brands (TSE:PBH) last announced its earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.36 by C($0.25). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same quarter in the prior year, the business posted $1.27 EPS. On average, research analysts forecast that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Insider Buying and Selling at Premium Brands

In other Premium Brands news, Director Johnny Ciampi bought 2,000 shares of the stock in a transaction dated Friday, November 29th. The shares were bought at an average cost of C$78.78 per share, with a total value of C$157,560.00. Insiders own 2.01% of the company’s stock.

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.