Canaccord Genuity Group Lowers Premium Brands (TSE:PBH) Price Target to C$117.00

Premium Brands (TSE:PBH) had its target price dropped by research analysts at Canaccord Genuity Group from C$123.00 to C$117.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 39.39% from the company’s previous close.

PBH has been the topic of several other reports. Ventum Financial set a C$124.00 price objective on shares of Premium Brands and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Scotia boosted their target price on shares of Premium Brands from C$100.00 to C$110.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 8th. BMO Capital Markets lowered their price objective on Premium Brands from C$118.00 to C$111.00 in a report on Friday. Canadian Imperial Bank of Commerce increased their price target on Premium Brands from C$110.00 to C$115.00 in a report on Friday, May 8th. Finally, Royal Bank Of Canada lifted their price target on shares of Premium Brands from C$129.00 to C$131.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$116.25.

Premium Brands Price Performance

Shares of Premium Brands stock traded up C$2.65 during trading on Friday, hitting C$83.94. The stock had a trading volume of 285,706 shares, compared to its average volume of 169,553. The company has a debt-to-equity ratio of 163.05, a current ratio of 1.28 and a quick ratio of 1.16. The firm has a market cap of C$4.36 billion, a P/E ratio of 93.27, a PEG ratio of 1.10 and a beta of 0.90. The business has a fifty day moving average of C$88.40 and a two-hundred day moving average of C$90.89. Premium Brands has a fifty-two week low of C$80.24 and a fifty-two week high of C$106.79.

Premium Brands (TSE:PBH) last released its earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share (EPS) for the quarter. The firm had revenue of C$2.38 billion for the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%. On average, sell-side analysts expect that Premium Brands will post 6.039823 earnings per share 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.