Premium Brands (TSE:PBH) Price Target Lowered to C$115.00 at Raymond James Financial

Premium Brands (TSE:PBH) had its target price reduced by stock analysts at Raymond James Financial from C$125.00 to C$115.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price objective would indicate a potential upside of 33.47% from the stock’s previous close.

PBH has been the subject of a number of other reports. Canadian Imperial Bank of Commerce cut their target price on Premium Brands from C$120.00 to C$110.00 in a research report on Friday. BMO Capital Markets dropped their target price on shares of Premium Brands from C$125.00 to C$116.00 in a research report on Friday. TD Securities raised their price target on shares of Premium Brands from C$145.00 to C$160.00 in a research note on Thursday, December 18th. Stifel Nicolaus boosted their target price on Premium Brands from C$106.00 to C$111.00 in a report on Thursday, December 18th. Finally, Scotiabank dropped their target price on shares of Premium Brands from C$120.00 to C$100.00 and set an “outperform” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$117.82.

Premium Brands Stock Down 1.0%

Shares of Premium Brands stock traded down C$0.89 on Friday, hitting C$86.16. 173,134 shares of the company’s stock traded hands, compared to its average volume of 127,082. The stock has a market cap of C$3.85 billion, a P/E ratio of 58.61, a PEG ratio of 1.10 and a beta of 0.51. Premium Brands has a 52-week low of C$72.57 and a 52-week high of C$106.79. The firm’s 50-day moving average is C$99.33 and its 200 day moving average is C$97.05. The company has a quick ratio of 1.16, a current ratio of 1.33 and a debt-to-equity ratio of 201.70.

Premium Brands (TSE:PBH) last released its earnings results on Thursday, March 19th. The company reported C$1.29 earnings per share for the quarter. The firm had revenue of C$1.90 billion during the quarter. Premium Brands had a net margin of 0.92% and a return on equity of 3.82%. Equities analysts anticipate that Premium Brands will post 6.039823 earnings per share for the current year.

About Premium Brands

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.