Premium Brands (TSE:PBH) Price Target Raised to C$120.00

Premium Brands (TSE:PBH) had its price objective increased by Ventum Financial from C$109.00 to C$120.00 in a research note published on Monday,BayStreet.CA reports. Ventum Financial currently has a buy rating on the stock.

A number of other equities analysts also recently commented on PBH. Raymond James set a C$100.00 target price on shares of Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, December 19th. BMO Capital Markets increased their price objective on Premium Brands from C$94.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Monday. Royal Bank of Canada raised their price objective on Premium Brands from C$96.00 to C$97.00 and gave the stock an “outperform” rating in a report on Thursday, March 20th. National Bankshares lowered their target price 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. Finally, Desjardins cut their price target on Premium Brands from C$95.00 to C$93.00 and set a “buy” rating on the stock in a research note on Monday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$102.90.

Premium Brands Stock Down 3.7 %

Shares of PBH opened at C$79.34 on Monday. The firm has a fifty day moving average price of C$77.87 and a 200-day moving average price of C$82.80. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. The firm has a market capitalization of C$3.54 billion, a P/E ratio of 35.32, a P/E/G ratio of 1.10 and a beta of 0.98. Premium Brands has a 12-month low of C$74.00 and a 12-month high of C$97.10.

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.