National Bank Financial Cuts Premium Brands (TSE:PBH) Price Target to C$98.00

Premium Brands (TSE:PBH) had its price target lowered by analysts at National Bank Financial from C$108.00 to C$98.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 16.75% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. TD dropped their target price on shares of Premium Brands from C$140.00 to C$130.00 and set a “buy” rating for the company in a report on Friday. BMO Capital Markets decreased their price target on Premium Brands from C$118.00 to C$111.00 in a research note on Friday. Canadian Imperial Bank of Commerce lowered their price target on Premium Brands from C$115.00 to C$100.00 in a research report on Friday. Royal Bank Of Canada dropped their price objective on Premium Brands from C$131.00 to C$120.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Ventum Financial set a C$124.00 price objective on Premium Brands and gave the company a “buy” rating in a report on Wednesday, April 22nd. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Premium Brands has an average rating of “Moderate Buy” and a consensus target price of C$116.25.

Premium Brands Trading Up 3.3%

TSE PBH traded up C$2.65 during trading hours on Friday, reaching C$83.94. The company had a trading volume of 285,706 shares, compared to its average volume of 169,553. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 163.05. The stock has a market capitalization of C$4.36 billion, a P/E ratio of 93.27, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The stock has a 50-day moving average of C$88.40 and a 200 day moving average of C$90.89. 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 announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share for the quarter. The business had revenue of C$2.38 billion during the quarter. Premium Brands had a net margin of 0.52% and a return on equity of 2.21%. As a group, research analysts anticipate that Premium Brands will post 6.039823 earnings per share 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.