Premium Brands (TSE:PBH) Price Target Cut to C$101.00 by Analysts at National Bankshares

Premium Brands (TSE:PBH) had its price objective lowered by investment analysts at National Bankshares from C$111.00 to C$101.00 in a report released on Friday, BayStreet.CA reports. National Bankshares’ price target would indicate a potential upside of 18.16% from the company’s current price.

A number of other equities analysts have also commented on PBH. CIBC raised their target price on shares of Premium Brands from C$97.00 to C$103.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. Royal Bank of Canada increased their price objective on Premium Brands from C$99.00 to C$101.00 and gave the company a “sector perform” rating in a report on Tuesday, May 14th. TD Securities increased their price target on Premium Brands from C$120.00 to C$125.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Desjardins boosted their price target on Premium Brands from C$105.00 to C$106.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Finally, Pi Financial reaffirmed a “buy” rating and issued a C$112.00 price objective on shares of Premium Brands in a research report on Tuesday, April 16th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Premium Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of C$112.00.

Premium Brands Trading Down 1.3 %

TSE PBH traded down C$1.11 during trading on Friday, hitting C$85.48. The stock had a trading volume of 32,379 shares, compared to its average volume of 49,978. Premium Brands has a one year low of C$84.66 and a one year high of C$113.60. The stock has a 50 day simple moving average of C$91.65 and a 200 day simple moving average of C$90.50. The stock has a market capitalization of C$3.80 billion, a price-to-earnings ratio of 40.45, a P/E/G ratio of 1.10 and a beta of 1.00. The company has a debt-to-equity ratio of 159.19, a quick ratio of 1.16 and a current ratio of 2.02.

Premium Brands (TSE:PBH) last issued its quarterly earnings results on Monday, May 13th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.02). The business had revenue of C$1.46 billion for the quarter, compared to the consensus estimate of C$1.45 billion. Premium Brands had a return on equity of 5.37% and a net margin of 1.50%. Sell-side analysts predict that Premium Brands will post 4.9137555 earnings per share for the current year.

Premium Brands Company Profile

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.