Premium Brands (TSE:PBH) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Premium Brands (TSE:PBH) had its price target upped by Royal Bank Of Canada from C$129.00 to C$131.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 45.06% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Scotiabank decreased their price target on shares of Premium Brands from C$120.00 to C$100.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Desjardins set a C$120.00 price objective on shares of Premium Brands and gave the company a “buy” rating in a report on Friday, March 20th. Ventum Financial set a C$124.00 price objective on shares of Premium Brands and gave the stock a “buy” rating in a report on Wednesday, April 22nd. National Bank Financial cut their price target on Premium Brands from C$115.00 to C$108.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Finally, Raymond James Financial reduced their target price on Premium Brands from C$125.00 to C$115.00 and set an “outperform” rating for the company in a report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Premium Brands presently has a consensus rating of “Buy” and a consensus price target of C$118.62.

Premium Brands Stock Up 2.0%

TSE:PBH traded up C$1.73 on Friday, hitting C$90.31. The stock had a trading volume of 192,757 shares, compared to its average volume of 160,916. Premium Brands has a 1 year low of C$78.53 and a 1 year high of C$106.79. The firm’s fifty day simple moving average is C$89.14 and its two-hundred day simple moving average is C$94.85. The company has a debt-to-equity ratio of 206.42, a quick ratio of 1.16 and a current ratio of 1.23. The stock has a market cap of C$4.70 billion, a P/E ratio of 100.34, a price-to-earnings-growth ratio of 1.10 and a beta of 0.80.

Premium Brands (TSE:PBH) last released its earnings results on Thursday, May 7th. The company reported C$0.83 earnings per share (EPS) for the quarter. Premium Brands had a return on equity of 2.38% and a net margin of 0.54%.The company had revenue of C$2.05 billion during the quarter. Analysts predict that Premium Brands will post 6.039823 earnings per share for the current year.

About Premium Brands

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.