Premium Brands (TSE:PBH) Stock Price Target Lowered at National Bank Financial

Premium Brands (TSE:PBH) had its price objective cut by equities researchers at National Bank Financial from C$98.00 to C$93.00 in a note issued to investors on Friday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial‘s target price indicates a potential upside of 27.12% from the company’s previous close.

PBH has been the subject of a number of other reports. Royal Bank Of Canada cut their price objective on Premium Brands from C$131.00 to C$120.00 and set an “outperform” rating for the company in a report on Friday, August 7th. TD dropped their target price on Premium Brands from C$140.00 to C$130.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Ventum cut their target price on Premium Brands from C$128.00 to C$127.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce cut their target price on Premium Brands from C$115.00 to C$100.00 and set a “strong-buy” rating for the company in a research note on Friday, August 7th. Finally, Stifel Nicolaus reduced their price target on shares of Premium Brands from C$117.00 to C$105.00 and set a “buy” rating on the stock in a research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$115.88.

Premium Brands Price Performance

Shares of PBH traded down C$1.33 during trading hours on Friday, reaching C$73.16. 148,468 shares of the company’s stock traded hands, compared to its average volume of 184,485. The stock has a market cap of C$3.80 billion, a PE ratio of 44.61, a price-to-earnings-growth ratio of 1.10 and a beta of 0.84. The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 153.93. The firm’s 50 day simple moving average is C$75.40 and its 200-day simple moving average is C$83.08. Premium Brands has a 12 month low of C$69.10 and a 12 month high of C$106.79.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.53 earnings per share for the quarter. The company had revenue of C$2.38 billion for the quarter. Premium Brands had a net margin of 1.01% and a return on equity of 4.19%. Equities analysts expect that Premium Brands will post 6.04 EPS 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.