Premium Brands (TSE:PBH – Get Free Report) had its target price lowered by BMO Capital Markets from C$124.00 to C$117.00 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 27.23% from the company’s previous close.
PBH has been the topic of several other research reports. Desjardins decreased their price target on Premium Brands from C$124.00 to C$110.00 and set a “buy” rating on the stock in a research note on Wednesday. Stifel Nicolaus lowered Premium Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Scotiabank raised their price objective on Premium Brands from C$129.00 to C$130.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. National Bankshares cut their price objective on Premium Brands from C$117.00 to C$109.00 in a report on Wednesday. Finally, National Bank Financial downgraded Premium Brands from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Monday, August 14th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$116.33.
Premium Brands Trading Up 0.1 %
Premium Brands (TSE:PBH – Get Free Report) last issued its quarterly earnings results on Monday, August 14th. The company reported C$1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.28 by C($0.01). Premium Brands had a net margin of 1.81% and a return on equity of 6.41%. The business had revenue of C$1.63 billion during the quarter, compared to the consensus estimate of C$1.66 billion. Equities analysts anticipate that Premium Brands will post 5.7249521 EPS for the current fiscal year.
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, and baking and sushi products.
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