CIBC Downgrades Premium Brands (PBH) to Neutral
CIBC downgraded shares of Premium Brands (TSE:PBH) from an outperform rating to a neutral rating in a research report released on Monday morning. CIBC currently has C$82.00 target price on the stock, down from their previous target price of C$126.00.
A number of other equities analysts have also commented on the company. Desjardins restated a buy rating on shares of Premium Brands in a research note on Wednesday, August 1st. Royal Bank of Canada lowered their price objective on 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 Premium Brands from a hold rating to a buy rating and set a C$110.00 price objective on the stock in a research note on Tuesday, November 6th. National Bank Financial lowered their price objective on Premium Brands from C$130.00 to C$95.00 and set an outperform rating on the stock in a research note on Wednesday, November 14th. Finally, BMO Capital Markets lowered their price objective on Premium Brands from C$137.00 to C$92.00 and set an outperform rating on the stock in a research note on Wednesday, November 14th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of C$103.00.
Premium Brands stock opened at C$71.72 on Monday. Premium Brands has a one year low of C$66.99 and a one year high of C$122.77. The company has a quick ratio of 0.95, a current ratio of 1.92 and a debt-to-equity ratio of 126.20.
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 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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