Premium Brands (TSE:PBH) Price Target Cut to C$96.00 by Analysts at National Bankshares

Premium Brands (TSE:PBH) had its price objective reduced by National Bankshares from C$99.00 to C$96.00 in a report released on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research firms have also weighed in on PBH. Royal Bank of Canada reduced their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. TD Securities decreased their price objective on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Raymond James set a C$100.00 target price on Premium Brands and gave the company an “outperform” rating in a research note on Thursday, December 19th. BMO Capital Markets decreased their price target on Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Finally, CIBC lowered their price target on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Premium Brands has a consensus rating of “Moderate Buy” and a consensus price target of C$101.67.

Premium Brands Price Performance

Shares of TSE:PBH opened at C$79.48 on Thursday. The business has a fifty day moving average price of C$78.37 and a 200-day moving average price of C$84.02. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. The company has a market capitalization of C$3.54 billion, a PE ratio of 35.38, a PEG ratio of 1.10 and a beta of 0.98. Premium Brands has a 1-year low of C$74.00 and a 1-year high of C$97.10.

About Premium Brands

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.