Premium Brands (TSE:PBH) Rating Increased to Hold at Scotiabank

Premium Brands (TSE:PBH) was upgraded by stock analysts at Scotiabank to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other analysts also recently commented on PBH. Desjardins dropped their target price on shares of Premium Brands from C$95.00 to C$93.00 and set a “buy” rating on the stock in a report on Monday, March 24th. BMO Capital Markets upped their price objective on Premium Brands from C$94.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Monday, March 24th. Raymond James set a C$100.00 price target on Premium Brands and gave the stock an “outperform” rating in a research report on Thursday, December 19th. National Bankshares reduced their target price on shares of Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Finally, Royal Bank of Canada lifted their price target on shares of Premium Brands from C$96.00 to C$97.00 and gave the company an “outperform” rating in a research note on Thursday, March 20th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Premium Brands presently has an average rating of “Moderate Buy” and an average target price of C$102.90.

Premium Brands Stock Performance

Shares of Premium Brands stock opened at C$79.18 on Tuesday. Premium Brands has a 12 month low of C$74.00 and a 12 month high of C$97.10. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. The company has a market capitalization of C$3.53 billion, a PE ratio of 35.25, a PEG ratio of 1.10 and a beta of 0.98. The stock’s fifty day simple moving average is C$77.76 and its 200 day simple moving average is C$82.47.

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.