Premium Brands (TSE:PBH) Price Target Lowered to C$127.00 at Ventum

Premium Brands (TSE:PBH) had its target price decreased by equities research analysts at Ventum from C$128.00 to C$127.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ventum’s price target suggests a potential upside of 51.30% from the stock’s previous close.

PBH has been the topic of several other research reports. Desjardins decreased their target price on Premium Brands from C$120.00 to C$110.00 and set a “buy” rating on the stock in a report on Friday. Canaccord Genuity Group reduced their price target on shares of Premium Brands from C$123.00 to C$117.00 in a research report on Friday. National Bank Financial decreased their price objective on shares of Premium Brands from C$108.00 to C$98.00 and set a “sector perform” rating on the stock in a report on Friday. Ventum Capital raised their price objective on shares of Premium Brands from C$124.00 to C$128.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada dropped their target price on shares of Premium Brands from C$131.00 to C$120.00 and set an “outperform” rating for the company in a research note on Friday. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$116.25.

Premium Brands Price Performance

Shares of TSE PBH traded up C$2.65 during mid-day trading on Friday, hitting C$83.94. 285,706 shares of the stock were exchanged, compared to its average volume of 169,553. Premium Brands has a twelve month low of C$80.24 and a twelve month high of C$106.79. The stock’s fifty day simple moving average is C$88.40 and its two-hundred day simple moving average is C$90.89. The company has a debt-to-equity ratio of 163.05, a quick ratio of 1.16 and a current ratio of 1.28. The company has a market cap of C$4.36 billion, a P/E ratio of 93.27, a PEG ratio of 1.10 and a beta of 0.90.

Premium Brands (TSE:PBH) last announced its earnings results on Thursday, August 6th. The company reported C$1.53 EPS for the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%.The business had revenue of C$2.38 billion for the quarter. As a group, analysts forecast 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. 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.