Premium Brands (TSE:PBH) Price Target Raised to C$128.00

Premium Brands (TSE:PBH) had its target price hoisted by equities research analysts at Ventum Capital from C$124.00 to C$128.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Ventum Capital’s price objective would suggest a potential upside of 41.73% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. National Bank Financial dropped their price objective on Premium Brands from C$115.00 to C$108.00 and set a “sector perform” rating on the stock in a research note on Friday, March 20th. Desjardins set a C$120.00 price objective on shares of Premium Brands and gave the stock a “buy” rating in a report on Friday, March 20th. TD Securities reduced their target price on shares of Premium Brands from C$160.00 to C$140.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Ventum Financial set a C$124.00 price target on shares of Premium Brands and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada raised their target price on Premium Brands from C$129.00 to C$131.00 and gave the stock an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Premium Brands presently has an average rating of “Buy” and an average target price of C$118.62.

Premium Brands Stock Up 2.0%

PBH traded up C$1.73 during trading on Friday, hitting C$90.31. 192,757 shares of the company’s stock were exchanged, compared to its average volume of 160,916. Premium Brands has a fifty-two week low of C$78.53 and a fifty-two week high of C$106.79. The stock has a market cap of C$4.70 billion, a P/E ratio of 100.34, a PEG ratio of 1.10 and a beta of 0.80. The business’s 50 day moving average is C$89.14 and its two-hundred day moving average is C$94.85. The company has a quick ratio of 1.16, a current ratio of 1.23 and a debt-to-equity ratio of 206.42.

Premium Brands (TSE:PBH) last posted its earnings results on Thursday, May 7th. The company reported C$0.83 EPS for the quarter. Premium Brands had a net margin of 0.54% and a return on equity of 2.38%. The company had revenue of C$2.05 billion during the quarter. As a group, equities analysts expect that Premium Brands will post 6.039823 earnings per share 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.