Premium Brands (TSE:PBH) Given New C$108.00 Price Target at National Bank Financial

Premium Brands (TSE:PBH) had its price objective cut by equities researchers at National Bank Financial from C$115.00 to C$108.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 25.35% from the stock’s previous close.

PBH has been the topic of several other reports. BMO Capital Markets dropped their target price on Premium Brands from C$125.00 to C$116.00 in a report on Friday. Scotiabank reduced their price target on Premium Brands from C$120.00 to C$100.00 and set an “outperform” rating for the company in a report on Friday. Desjardins set a C$120.00 price target on Premium Brands and gave the stock a “buy” rating in a research report on Friday. Canadian Imperial Bank of Commerce cut their price objective on shares of Premium Brands from C$120.00 to C$110.00 in a research report on Friday. Finally, Stifel Nicolaus raised their price objective on shares of Premium Brands from C$106.00 to C$111.00 in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$117.82.

Premium Brands Stock Down 1.0%

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

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