Premium Brands (TSE:PBH) Price Target Raised to C$125.00

Premium Brands (TSE:PBH) had its target price increased by equities researchers at Raymond James Financial from C$115.00 to C$125.00 in a research report issued on Thursday,BayStreet.CA reports. Raymond James Financial’s target price indicates a potential upside of 23.68% from the company’s current price.

Several other research firms have also recently weighed in on PBH. TD Securities raised their price objective on shares of Premium Brands from C$145.00 to C$160.00 in a research report on Thursday. Royal Bank Of Canada increased their price target on shares of Premium Brands from C$108.00 to C$118.00 in a research note on Tuesday, November 4th. BMO Capital Markets boosted their price objective on shares of Premium Brands from C$109.00 to C$111.00 in a research report on Tuesday, November 11th. CIBC increased their price objective on Premium Brands from C$108.00 to C$115.00 in a research report on Tuesday, November 11th. Finally, Stifel Nicolaus lifted their target price on Premium Brands from C$106.00 to C$111.00 in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Premium Brands currently has an average rating of “Buy” and an average price target of C$120.09.

Premium Brands Price Performance

TSE PBH traded up C$1.63 on Thursday, reaching C$101.07. The company’s stock had a trading volume of 179,975 shares, compared to its average volume of 108,066. Premium Brands has a 52 week low of C$72.57 and a 52 week high of C$103.89. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. The firm has a market cap of C$4.51 billion, a PE ratio of 68.76, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. The business has a 50-day moving average price of C$95.40 and a 200 day moving average price of C$90.95.

Premium Brands (TSE:PBH) last issued its quarterly earnings data on Monday, November 10th. The company reported C$1.27 earnings per share (EPS) for the quarter. Premium Brands had a return on equity of 5.66% and a net margin of 1.55%.The company had revenue of C$1.99 billion during the quarter. Sell-side analysts expect that Premium Brands will post 6.039823 EPS for the current 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.