Premium Brands (TSE:PBH) Price Target Raised to C$100.00

Premium Brands (TSE:PBH) had its price target upped by investment analysts at BMO Capital Markets from C$94.00 to C$100.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 25.99% from the stock’s current price.

A number of other equities analysts have also recently issued reports on PBH. Royal Bank of Canada boosted their price objective on shares of Premium Brands from C$96.00 to C$97.00 and gave the company an “outperform” rating in a research report on Thursday. National Bankshares reduced their price target on shares of Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Finally, Raymond James set a C$100.00 price target on shares of Premium Brands and gave the company an “outperform” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$102.90.

Premium Brands Price Performance

TSE:PBH traded up C$0.65 during trading hours on Monday, hitting C$79.37. 161,622 shares of the company’s stock traded hands, compared to its average volume of 86,984. The business’s fifty day simple moving average is C$77.76 and its two-hundred day simple moving average is C$82.94. The firm has a market cap of C$3.54 billion, a P/E ratio of 35.33, a P/E/G ratio of 1.10 and a beta of 0.98. Premium Brands has a 52 week low of C$74.00 and a 52 week high of C$97.10. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00.

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.