Scotia Issues Pessimistic Forecast for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH) had its price target reduced by stock analysts at Scotia from C$110.00 to C$105.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the stock. Scotia’s price objective would indicate a potential upside of 25.09% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada lowered their price target on Premium Brands from C$131.00 to C$120.00 and set an “outperform” rating on the stock in a report on Friday. Stifel Nicolaus set a C$117.00 price objective on shares of Premium Brands and gave the stock a “buy” rating in a report on Monday, July 20th. Canadian Imperial Bank of Commerce cut their target price on shares of Premium Brands from C$115.00 to C$100.00 in a research report on Friday. BMO Capital Markets cut their price objective on Premium Brands from C$118.00 to C$111.00 in a report on Friday. Finally, TD reduced their price objective on Premium Brands from C$140.00 to C$130.00 and set a “buy” rating on the stock in a research report on Friday. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Premium Brands currently has an average rating of “Moderate Buy” and an average target price of C$116.25.

Premium Brands Price Performance

Shares of PBH traded up C$2.65 during mid-day trading on Friday, reaching C$83.94. 285,706 shares of the stock traded hands, compared to its average volume of 169,553. The company has a market cap of C$4.36 billion, a price-to-earnings ratio of 93.27, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. Premium Brands has a 1 year low of C$80.24 and a 1 year high of C$106.79. The firm has a fifty day moving average price of C$88.40 and a 200 day moving average price of C$90.89. 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 (TSE:PBH) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.53 earnings per share (EPS) for the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%.The company had revenue of C$2.38 billion for the quarter. As a group, equities research analysts predict that Premium Brands will post 6.039823 earnings per share for the current 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.