Scotiabank Upgrades Premium Brands (TSE:PBH) to Hold

Scotiabank upgraded shares of Premium Brands (TSE:PBH) to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Royal Bank of Canada boosted their price objective on shares of Premium Brands from C$96.00 to C$97.00 and gave the stock an “outperform” rating in a research report on Thursday, March 20th. BMO Capital Markets boosted their target price on Premium Brands from C$94.00 to C$100.00 and gave the stock an “outperform” rating in a report on Monday, March 24th. Desjardins dropped their price objective on shares of Premium Brands from C$95.00 to C$93.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Ventum Financial raised their price objective on Premium Brands from C$109.00 to C$120.00 and gave the company a “buy” rating in a research report on Monday, March 24th. Finally, National Bankshares decreased their target price on 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. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$102.90.

Premium Brands Price Performance

Shares of PBH opened at C$79.18 on Tuesday. The firm has a market capitalization of C$3.53 billion, a PE ratio of 35.25, a P/E/G ratio of 1.10 and a beta of 0.98. The stock’s 50 day moving average is C$77.76 and its two-hundred day moving average is C$82.47. Premium Brands has a twelve month low of C$74.00 and a twelve 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.

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.