Ventum Capital Analysts Give Premium Brands (TSE:PBH) a C$127.00 Price Target

Ventum Capital set a C$127.00 price target on Premium Brands (TSE:PBH) in a research note published on Wednesday morning,BayStreet reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also commented on the company. ATB Cormark Capital Markets cut their target price on Premium Brands from C$150.00 to C$130.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce reduced their target price on Premium Brands from C$115.00 to C$100.00 and set a “strong-buy” rating for the company in a research report on Friday, August 7th. Royal Bank Of Canada decreased their price target on shares of Premium Brands from C$131.00 to C$120.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Desjardins lowered their price target on shares of Premium Brands from C$120.00 to C$110.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, National Bank Financial dropped their price objective on shares of Premium Brands from C$108.00 to C$98.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$115.88.

Premium Brands Stock Down 1.9%

PBH stock opened at C$73.09 on Wednesday. Premium Brands has a twelve month low of C$69.10 and a twelve month high of C$106.79. The company has a market cap of C$3.80 billion, a PE ratio of 44.57, a price-to-earnings-growth ratio of 1.10 and a beta of 0.84. The business’s 50-day simple moving average is C$75.23 and its 200 day simple moving average is C$83.01. The company has a quick ratio of 1.16, a current ratio of 1.36 and a debt-to-equity ratio of 153.93.

Premium Brands (TSE:PBH) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.53 EPS for the quarter. Premium Brands had a return on equity of 4.19% and a net margin of 1.01%. The firm had revenue of C$2.38 billion during the quarter. On average, research analysts anticipate that Premium Brands will post 6.04 earnings per share for the current year.

Premium Brands Company Profile

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.