Royal Bank Of Canada Has Lowered Expectations for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH) had its price objective reduced by research analysts at Royal Bank Of Canada from C$131.00 to C$120.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 42.96% from the company’s current price.

Several other research firms have also recently issued reports on PBH. TD cut their price objective on shares of Premium Brands from C$140.00 to C$130.00 and set a “buy” rating for the company in a research report on Friday. Ventum Capital increased their price target on shares of Premium Brands from C$124.00 to C$128.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce cut their price target on shares of Premium Brands from C$115.00 to C$100.00 in a report on Friday. BMO Capital Markets reduced their price target on shares of Premium Brands from C$118.00 to C$111.00 in a research report on Friday. Finally, Canaccord Genuity Group decreased their price objective on Premium Brands from C$123.00 to C$117.00 in a report on Friday. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$116.25.

Premium Brands Trading Up 3.3%

TSE:PBH traded up C$2.65 during trading hours on Friday, hitting C$83.94. The company had a trading volume of 285,706 shares, compared to its average volume of 169,553. Premium Brands has a 1 year low of C$80.24 and a 1 year high of C$106.79. The company has a market cap of C$4.36 billion, a P/E ratio of 93.27, a P/E/G ratio of 1.10 and a beta of 0.90. The company has a 50-day moving average of C$88.40 and a 200 day moving average of C$90.89. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 163.05.

Premium Brands (TSE:PBH) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.53 EPS for the quarter. The business 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%. Sell-side analysts expect 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.