Premium Brands (TSE:PBH) Price Target Raised to C$110.00 at Scotia

Premium Brands (TSE:PBH) had its target price hoisted by analysts at Scotia from C$100.00 to C$110.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotia’s price target indicates a potential upside of 21.80% from the stock’s current price.

A number of other research firms have also weighed in on PBH. TD Securities cut their target price on shares of Premium Brands from C$160.00 to C$140.00 and set a “buy” rating on the stock in a research note 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. Scotiabank dropped their price objective on shares of Premium Brands from C$120.00 to C$100.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. National Bank Financial decreased their price objective on shares of Premium Brands from C$115.00 to C$108.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Finally, BMO Capital Markets lowered their target price on shares of Premium Brands from C$125.00 to C$116.00 in a research note on Friday, March 20th. One 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 stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$118.62.

Premium Brands Stock Up 2.0%

Shares of TSE:PBH traded up C$1.73 during trading on Friday, hitting C$90.31. The company’s stock had a trading volume of 192,757 shares, 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 business has a 50 day moving average price of C$89.14 and a two-hundred day moving average price of C$94.85. The company has a debt-to-equity ratio of 206.42, a quick ratio of 1.16 and a current ratio of 1.23. The company has a market capitalization of C$4.70 billion, a PE ratio of 100.34, a P/E/G ratio of 1.10 and a beta of 0.80.

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