Premium Brands (TSE:PBH – Get Free Report) The price target was cut by BMO Capital Markets from CAD 115.00 to CAD 111.00 in a research note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 28.99% from the stock’s last closing price.
A number of other research firms have also recently commented on PBH. Royal Bank of Canada increased their price target on Premium Brands shares from C$99.00 to C$101.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 14. Pi Financial reiterated a “buy” rating and set a C$112.00 price target on Premium Brands shares in a research report on Tuesday, April 16. Stifel Nicolaus increased their price target on Premium Brands shares from C$104.00 to C$106.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14. CIBC increased their price target on Premium Brands shares from C$97.00 to C$103.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14. Finally, National Bankshares cut its price target on shares of Premium Brands from C$111.00 to C$101.00 in a research report on Friday. Three analysts have rated the stock a “hold” and six have rated it a “buy.” Based on data from MarketBeat, the stock currently has a consensus rating of “moderate buy” and an average price target of C$112.00.
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Premium brands price performance
TSE PBH shares opened at C$86.05 on Friday. Premium Brands has a twelve month low of C$84.66 and a twelve month high of C$113.60. The company has a market cap of C$3.82 billion, a P/E ratio of 40.40, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00. The company’s 50-day average price is C$91.58 and its 200-day average price is C$90.44. The company has a quick ratio of 1.16, a current ratio of 2.02 and a debt-to-equity ratio of 159.19.
Premium Brands (TSE:PBH – Get Free Report) last released its quarterly earnings results on Monday, May 13. The company reported earnings per share of C$0.54 for the quarter, which was C$0.02 below the analyst consensus estimate of C$0.56. Premium Brands had a net margin of 1.50% and a return on equity of 5.37%. The company had revenue of C$1.46 billion for the quarter, compared to the consensus estimate of C$1.45 billion. On average, analysts forecast that Premium Brands will post earnings per share of C$4.9137555 for the current year.
About Premium Brands
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Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. The company operates in two segments: Specialty Foods and Premium Food Distribution. The company offers processed meats, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, main dishes, paninis, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pasta, pizza, and baked goods and sushi products.
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