Premium Brands (TSE:PBH) Stock Price Expected to Rise, TD Securities Analyst Says

Premium Brands (TSE:PBH) had its price objective raised by stock analysts at TD Securities from C$120.00 to C$140.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 54.68% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. Desjardins lifted their price target on shares of Premium Brands from C$93.00 to C$98.00 in a report on Friday, May 9th. Canaccord Genuity Group raised shares of Premium Brands to a “strong-buy” rating in a research note on Tuesday, May 27th. Scotiabank boosted their target price on shares of Premium Brands from C$88.00 to C$91.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 8th. CIBC dropped their target price on shares of Premium Brands from C$98.00 to C$95.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th. Finally, Cibc World Mkts raised shares of Premium Brands from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$103.90.

Premium Brands Trading Up 2.6%

TSE:PBH opened at C$90.51 on Friday. Premium Brands has a one year low of C$72.57 and a one year high of C$97.10. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. The firm has a market capitalization of C$4.03 billion, a P/E ratio of 40.29, a PEG ratio of 1.10 and a beta of 0.98. The company’s 50-day simple moving average is C$81.82 and its 200 day simple moving average is C$79.19.

Insider Transactions at Premium Brands

In other news, Senior Officer William Dion Kalutycz sold 8,000 shares of Premium Brands stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$81.57, for a total value of C$652,575.20. Company 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.