Premium Brands (TSE:PBH) PT Lowered to C$130.00

Premium Brands (TSE:PBH) had its price objective cut by stock analysts at Cormark from C$140.00 to C$130.00 in a report released on Wednesday, BayStreet.CA reports. Cormark’s target price indicates a potential upside of 41.37% from the stock’s current price.

Several other equities analysts have also commented on the stock. National Bank Financial lowered shares of Premium Brands from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Monday, August 14th. Scotiabank increased their target price on shares of Premium Brands from C$129.00 to C$130.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Stifel Nicolaus downgraded shares of Premium Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. TD Securities raised their price target on shares of Premium Brands from C$125.00 to C$135.00 and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Finally, CIBC reduced their price target on shares of Premium Brands from C$114.00 to C$110.00 in a research note on Wednesday, August 16th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$116.33.

Premium Brands Price Performance

Shares of TSE:PBH opened at C$91.96 on Wednesday. The company has a debt-to-equity ratio of 152.95, a quick ratio of 1.16 and a current ratio of 2.44. The firm has a fifty day moving average price of C$94.87 and a 200 day moving average price of C$100.66. Premium Brands has a fifty-two week low of C$79.00 and a fifty-two week high of C$113.60. The firm has a market cap of C$4.10 billion, a price-to-earnings ratio of 36.06, a P/E/G ratio of 1.10 and a beta of 1.00.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Monday, August 14th. The company reported C$1.27 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 for the quarter, compared to the consensus estimate of C$1.66 billion. As a group, sell-side analysts expect that Premium Brands will post 5.7249521 earnings per share for the current fiscal year.

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, and baking and sushi products.