TD Securities Issues Pessimistic Forecast for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH) had its target price dropped by research analysts at TD Securities from C$129.00 to C$120.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 55.24% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. BMO Capital Markets lowered their price target on Premium Brands from C$111.00 to C$94.00 in a research report on Thursday. Finally, National Bankshares boosted their price objective on Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$108.30.

Premium Brands Price Performance

Shares of PBH stock traded down C$0.91 during trading hours on Thursday, reaching C$77.30. The company had a trading volume of 118,929 shares, compared to its average volume of 51,194. Premium Brands has a 12-month low of C$75.67 and a 12-month high of C$97.28. The company has a market capitalization of C$3.43 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56. The stock has a fifty day moving average of C$91.17 and a 200-day moving average of C$90.54.

Premium Brands (TSE:PBH) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$1.11 earnings per share for the quarter, missing the consensus estimate of C$1.36 by C($0.25). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same period in the previous year, the business earned $1.27 earnings per share. On average, equities analysts anticipate that Premium Brands will post 6.039823 earnings per share for the current year.

Insider Buying and Selling at Premium Brands

In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total transaction of C$604,100.00. 2.01% of the stock is owned by corporate insiders.

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.