Stifel Nicolaus Issues Pessimistic Forecast for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH) had its target price dropped by investment analysts at Stifel Nicolaus from C$106.00 to C$101.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Stifel Nicolaus’ target price points to a potential upside of 31.94% from the company’s current price.

PBH has been the topic of several other research reports. BMO Capital Markets dropped their target price on shares of Premium Brands from C$111.00 to C$94.00 in a research report on Thursday. Royal Bank of Canada reduced their price target on Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating on the stock in a report on Monday, August 12th. National Bankshares raised their price objective on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Finally, TD Securities decreased their price objective on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$108.30.

Premium Brands Stock Up 0.6 %

Shares of TSE:PBH opened at C$76.55 on Thursday. The firm has a market cap of C$3.40 billion, a P/E ratio of 30.14, a P/E/G ratio of 1.10 and a beta of 0.98. Premium Brands has a 12-month low of C$75.67 and a 12-month high of C$97.28. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28. The business has a fifty day simple moving average of C$90.94 and a 200 day simple moving average of C$90.48.

Premium Brands (TSE:PBH) last posted its earnings results on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, missing the consensus estimate of C$1.36 by C($0.25). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same quarter in the previous year, the firm earned $1.27 earnings per share. Analysts predict that Premium Brands will post 6.039823 earnings per share for the current year.

Insider Buying and Selling at Premium Brands

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total transaction of C$604,100.00. In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of Premium Brands stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total transaction of C$604,100.00. Also, Director Johnny Ciampi acquired 3,500 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was purchased at an average price of C$77.02 per share, for a total transaction of C$269,570.00. Insiders own 2.01% of the company’s stock.

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.