Premium Brands (TSE:PBH) Given New C$110.00 Price Target at Royal Bank Of Canada

Premium Brands (TSE:PBH) had its price target decreased by Royal Bank Of Canada from C$120.00 to C$110.00 in a report released on Tuesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s target price points to a potential upside of 49.11% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. National Bank Financial decreased their price objective on Premium Brands from C$98.00 to C$93.00 and set a “sector perform” rating for the company in a report on Friday, October 23rd. BMO Capital Markets cut their target price on shares of Premium Brands from C$118.00 to C$111.00 in a research note on Friday, August 7th. TD decreased their price target on shares of Premium Brands from C$140.00 to C$130.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. ATB Cormark Capital Markets lowered their price objective on Premium Brands from C$150.00 to C$130.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Finally, Scotia lowered their price objective on Premium Brands from C$110.00 to C$105.00 and set a “sector outperform” rating on the stock in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$115.25.

Premium Brands Stock Performance

TSE:PBH traded up C$0.11 during trading hours on Tuesday, hitting C$73.77. 86,024 shares of the company were exchanged, compared to its average volume of 185,145. The stock has a market capitalization of C$3.84 billion, a price-to-earnings ratio of 44.98, a PEG ratio of 1.10 and a beta of 0.84. The company has a debt-to-equity ratio of 153.93, a current ratio of 1.36 and a quick ratio of 1.16. Premium Brands has a 52-week low of C$69.10 and a 52-week high of C$106.79. The company’s 50 day moving average price is C$74.38 and its 200-day moving average price is C$86.38.

Premium Brands (TSE:PBH) last released its earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share (EPS) for the quarter. The firm had revenue of C$2.38 billion for the quarter. Premium Brands had a return on equity of 4.19% and a net margin of 1.01%. As a group, research analysts forecast that Premium Brands will post 6.04 earnings per share for the current year.

About Premium Brands

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.