Premium Brands (TSE:PBH) Price Target Raised to C$97.00

Premium Brands (TSE:PBH) had its price target hoisted by Royal Bank of Canada from C$96.00 to C$97.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

PBH has been the subject of a number of other reports. National Bankshares decreased their price objective on Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Raymond James set a C$100.00 price objective on Premium Brands and gave the company an “outperform” rating in a research report on Thursday, December 19th. Two equities research 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 presently has a consensus rating of “Moderate Buy” and an average target price of C$101.78.

Premium Brands Stock Performance

Shares of PBH stock opened at C$78.72 on Thursday. Premium Brands has a 12-month low of C$74.00 and a 12-month high of C$97.10. The firm has a market capitalization of C$3.51 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The business has a 50 day simple moving average of C$77.76 and a 200 day simple moving average of C$82.97. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16.

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.