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

Premium Brands (TSE:PBH) had its price target hoisted by equities research analysts at Royal Bank of Canada from C$96.00 to C$97.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential upside of 28.14% from the company’s current price.

Several other research firms have also issued reports on PBH. Raymond James set a C$100.00 price objective on Premium Brands and gave the company an “outperform” rating in a research note on Thursday, December 19th. National Bankshares lowered their price objective on Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$101.78.

Premium Brands Trading Down 0.9 %

Shares of TSE:PBH traded down C$0.71 during trading on Thursday, hitting C$75.70. The company had a trading volume of 73,616 shares, compared to its average volume of 73,217. The stock has a market cap of C$3.37 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. Premium Brands has a one year low of C$74.00 and a one year high of C$97.10. The company has a fifty day simple moving average of C$77.83 and a two-hundred day simple moving average of C$83.09. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16.

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.