Premium Brands (TSE:PBH) Raised to “Moderate Buy” at Raymond James

Premium Brands (TSE:PBH) was upgraded by analysts at Raymond James to a “moderate buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other research analysts also recently issued reports on the company. Stifel Nicolaus lowered their price target on Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. CIBC dropped their target price on Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. National Bankshares lifted their target price on Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Royal Bank of Canada dropped their target price on Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th. Finally, TD Securities cut their price target on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$103.11.

Premium Brands Trading Up 0.6 %

Shares of PBH stock opened at C$78.89 on Wednesday. Premium Brands has a 1 year low of C$75.67 and a 1 year high of C$97.10. The stock has a market cap of C$3.50 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28. The stock has a 50 day simple moving average of C$84.58 and a 200 day simple moving average of C$88.67.

Premium Brands (TSE:PBH) last announced its earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share 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 period in the previous year, the company posted $1.27 earnings per share. On average, research analysts predict that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Insider Buying and Selling at Premium Brands

In other news, Director Johnny Ciampi purchased 2,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was acquired at an average price of C$78.78 per share, for a total transaction of C$157,560.00. 2.01% of the stock is owned by corporate insiders.

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.