CIBC Forecasts Strong Price Appreciation for Premium Brands (TSE:PBH) Stock

Premium Brands (TSE:PBH) had its price objective increased by equities research analysts at CIBC from C$115.00 to C$120.00 in a report issued on Thursday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 18.73% from the stock’s current price.

Several other research firms have also weighed in on PBH. Scotiabank upgraded Premium Brands from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$99.00 to C$120.00 in a report on Thursday. BMO Capital Markets raised their price objective on shares of Premium Brands from C$109.00 to C$111.00 in a research note on Tuesday, November 11th. Raymond James Financial upped their target price on Premium Brands from C$115.00 to C$125.00 in a research note on Thursday. Royal Bank Of Canada raised their price target on Premium Brands from C$108.00 to C$118.00 in a research note on Tuesday, November 4th. Finally, Stifel Nicolaus boosted their price objective on Premium Brands from C$106.00 to C$111.00 in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Premium Brands has an average rating of “Buy” and a consensus price target of C$120.09.

Premium Brands Price Performance

Shares of TSE PBH traded up C$1.63 during mid-day trading on Thursday, hitting C$101.07. 179,975 shares of the company’s stock traded hands, compared to its average volume of 108,066. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. Premium Brands has a 1 year low of C$72.57 and a 1 year high of C$103.89. The company’s 50-day moving average is C$95.40 and its two-hundred day moving average is C$90.95. The company has a market capitalization of C$4.51 billion, a P/E ratio of 68.76, a PEG ratio of 1.10 and a beta of 0.38.

Premium Brands (TSE:PBH) last issued its quarterly earnings data on Monday, November 10th. The company reported C$1.27 earnings per share for the quarter. The company had revenue of C$1.99 billion for the quarter. Premium Brands had a return on equity of 5.66% and a net margin of 1.55%. On average, equities analysts anticipate that Premium Brands will post 6.039823 EPS for the current fiscal year.

Premium Brands Company Profile

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company’s business segments include Specialty Foods, Premium Food Distribution, and Corporate.