Premium Brands (TSE:PBH) Price Target Raised to C$145.00 at TD Securities

Premium Brands (TSE:PBH) had its price objective boosted by TD Securities from C$140.00 to C$145.00 in a report published on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research firms have also recently commented on PBH. Raymond James Financial upped their price objective on Premium Brands from C$100.00 to C$115.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. CIBC upped their price objective on Premium Brands from C$98.00 to C$108.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Royal Bank Of Canada upgraded Premium Brands from a “hold” rating to a “moderate buy” rating and upped their price target for the stock from C$100.00 to C$108.00 in a research note on Thursday, August 7th. Canaccord Genuity Group upped their price target on Premium Brands from C$100.00 to C$118.00 in a research note on Thursday, August 7th. Finally, Scotiabank upped their price target on Premium Brands from C$100.00 to C$103.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$111.91.

Premium Brands Price Performance

PBH stock opened at C$97.45 on Monday. 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 business has a 50 day simple moving average of C$94.56 and a 200-day simple moving average of C$86.91. The firm has a market capitalization of C$4.35 billion, a PE ratio of 46.85, a price-to-earnings-growth ratio of 1.10 and a beta of 0.34. Premium Brands has a 1 year low of C$72.57 and a 1 year high of C$99.90.

Premium Brands Company Profile

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company’s business segments include Specialty Foods, Premium Food Distribution, and Corporate.