BMO Capital Markets Cuts Premium Brands (TSE:PBH) Price Target to C$111.00

Premium Brands (TSE:PBH) had its price target decreased by investment analysts at BMO Capital Markets from C$118.00 to C$111.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 32.24% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Scotia increased their price target on Premium Brands from C$100.00 to C$110.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 8th. Royal Bank Of Canada upped their target price on Premium Brands from C$129.00 to C$131.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce raised their target price on Premium Brands from C$110.00 to C$115.00 in a report on Friday, May 8th. TD reduced their price target 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. Finally, Ventum Financial set a C$124.00 price target on Premium Brands and gave the company a “buy” rating in a report on Wednesday, April 22nd. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$116.25.

Premium Brands Stock Performance

TSE PBH traded up C$2.65 on Friday, hitting C$83.94. 285,706 shares of the company’s stock traded hands, compared to its average volume of 169,553. The firm’s 50-day moving average price is C$88.40 and its two-hundred day moving average price is C$90.89. The firm has a market capitalization of C$4.36 billion, a PE ratio of 93.27, a P/E/G ratio of 1.10 and a beta of 0.90. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 163.05. Premium Brands has a 1-year low of C$80.24 and a 1-year high of C$106.79.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.53 earnings per share for the quarter. Premium Brands had a net margin of 0.52% and a return on equity of 2.21%. The firm had revenue of C$2.38 billion for the quarter. As a group, analysts expect that Premium Brands will post 6.039823 EPS 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.