Premium Brands (TSE:PBH) had its price objective cut by National Bank Financial from C$130.00 to C$95.00 in a report issued on Wednesday morning. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Premium Brands’ Q4 2018 earnings at $0.87 EPS and FY2019 earnings at $4.79 EPS.

A number of other research analysts have also issued reports on the stock. Royal Bank of Canada dropped their price target on shares of Premium Brands from C$133.00 to C$126.00 and set an outperform rating on the stock in a research note on Monday, November 12th. Canaccord Genuity upgraded shares of Premium Brands from a hold rating to a buy rating and set a C$110.00 price target on the stock in a research note on Tuesday, November 6th. BMO Capital Markets dropped their price target on shares of Premium Brands from C$138.00 to C$137.00 in a research note on Tuesday, August 14th. Finally, Desjardins reiterated a buy rating on shares of Premium Brands in a research note on Wednesday, August 1st. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of C$110.38.

Shares of Premium Brands stock opened at C$70.64 on Wednesday. Premium Brands has a 52-week low of C$66.99 and a 52-week high of C$122.77. The company has a debt-to-equity ratio of 126.20, a current ratio of 1.92 and a quick ratio of 0.95.

In related news, Director Kenneth Propp sold 2,200 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of C$98.19, for a total transaction of C$216,018.00. Also, Director John Zaplatynsky sold 458 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of C$97.98, for a total transaction of C$44,874.84.

About Premium Brands

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.

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Analyst Recommendations for Premium Brands (TSE:PBH)

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