Scotiabank Lowers Premium Brands (TSE:PBH) Price Target to C$99.00

Premium Brands (TSE:PBH) had its target price decreased by equities research analysts at Scotiabank from C$103.00 to C$99.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 10.99% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Desjardins lifted their target price on Premium Brands from C$98.00 to C$103.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. National Bankshares upped their target price on shares of Premium Brands from C$99.00 to C$101.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. CIBC upped their price objective on Premium Brands from C$98.00 to C$108.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. TD Securities increased their target price on shares of Premium Brands from C$140.00 to C$145.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Finally, Royal Bank Of Canada raised their target price on Premium Brands from C$108.00 to C$118.00 in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Premium Brands currently has a consensus rating of “Buy” and a consensus target price of C$113.73.

Premium Brands Trading Up 0.3%

TSE PBH traded up C$0.31 on Tuesday, reaching C$89.20. The company had a trading volume of 83,923 shares, compared to its average volume of 103,062. The firm has a market cap of C$3.98 billion, a price-to-earnings ratio of 42.88, a P/E/G ratio of 1.10 and a beta of 0.40. The business has a 50 day moving average of C$94.50 and a two-hundred day moving average of C$88.24. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. Premium Brands has a fifty-two week low of C$72.57 and a fifty-two week high of C$99.90.

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.