Premium Brands (TSE:PBH) Price Target Lowered to C$116.00 at BMO Capital Markets

Premium Brands (TSE:PBH) had its price objective reduced by investment analysts at BMO Capital Markets from C$125.00 to C$116.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 34.63% from the stock’s current price.

PBH has been the topic of a number of other research reports. Desjardins set a C$120.00 price target on shares of Premium Brands and gave the company a “buy” rating in a research note on Friday, December 19th. Canadian Imperial Bank of Commerce dropped their target price on shares of Premium Brands from C$120.00 to C$110.00 in a research report on Friday. Raymond James Financial upped their price objective on Premium Brands from C$115.00 to C$125.00 in a research report on Thursday, December 18th. Scotiabank upgraded shares of Premium Brands from a “hold” rating to an “outperform” rating and raised their target price for the company from C$99.00 to C$120.00 in a research report on Thursday, December 18th. Finally, Stifel Nicolaus boosted their price target on Premium Brands from C$106.00 to C$111.00 in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$117.82.

Premium Brands Trading Down 1.0%

Premium Brands stock traded down C$0.89 during mid-day trading on Friday, hitting C$86.16. 173,134 shares of the company’s stock were exchanged, compared to its average volume of 127,082. The firm has a market capitalization of C$3.85 billion, a P/E ratio of 58.61, a PEG ratio of 1.10 and a beta of 0.51. Premium Brands has a fifty-two week low of C$72.57 and a fifty-two week high of C$106.79. The company’s 50 day simple moving average is C$99.33 and its 200-day simple moving average is C$97.05. The company has a quick ratio of 1.16, a current ratio of 1.33 and a debt-to-equity ratio of 201.70.

Premium Brands (TSE:PBH) last issued its quarterly earnings results on Thursday, March 19th. The company reported C$1.29 earnings per share for the quarter. Premium Brands had a net margin of 0.92% and a return on equity of 3.82%. The company had revenue of C$1.90 billion during the quarter. On average, equities analysts anticipate that Premium Brands will post 6.039823 earnings per share for the current 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. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company’s distribution and wholesale businesses; the Corporate segment includes the company’s head office activities along with its finance and information systems.