Premium Brands (TSE:PBH) PT Raised to C$110.00 at National Bankshares

Premium Brands (TSE:PBH) had its price target increased by stock analysts at National Bankshares from C$109.00 to C$110.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price target suggests a potential upside of 23.73% from the stock’s previous close.

PBH has been the subject of a number of other research reports. Desjardins dropped their price objective on Premium Brands from C$110.00 to C$105.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Royal Bank of Canada dropped their price objective on Premium Brands from C$103.00 to C$99.00 and set a “sector perform” rating for the company in a research note on Monday, March 18th. CIBC decreased their target price on Premium Brands from C$102.00 to C$97.00 and set a “neutral” rating for the company in a report on Monday, March 18th. Stifel Nicolaus decreased their target price on Premium Brands from C$108.00 to C$104.00 and set a “buy” rating for the company in a report on Monday, March 18th. Finally, Pi Financial restated a “buy” rating and set a C$112.00 target price on shares of Premium Brands in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Premium Brands has a consensus rating of “Moderate Buy” and an average price target of C$111.70.

Premium Brands Stock Down 1.4 %

Shares of PBH opened at C$88.90 on Tuesday. The firm has a market cap of C$3.95 billion, a P/E ratio of 42.13, a P/E/G ratio of 1.10 and a beta of 1.01. The stock has a 50 day simple moving average of C$88.69 and a two-hundred day simple moving average of C$91.11. The company has a debt-to-equity ratio of 149.12, a current ratio of 2.08 and a quick ratio of 1.16. Premium Brands has a 1 year low of C$84.66 and a 1 year high of C$113.60.

Premium Brands (TSE:PBH) last issued its earnings results on Friday, March 15th. The company reported C$0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.13 by C($0.28). The firm had revenue of C$1.55 billion during the quarter, compared to analysts’ expectations of C$1.61 billion. Premium Brands had a return on equity of 5.26% and a net margin of 1.50%. On average, analysts forecast that Premium Brands will post 4.8440524 earnings per share for the current fiscal year.

Premium Brands Company Profile

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.