Royal Bank Of Canada Issues Positive Forecast for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH) had its price objective upped by Royal Bank Of Canada from C$108.00 to C$118.00 in a report issued on Tuesday morning,BayStreet.CA reports.

PBH has been the subject of a number of other reports. Raymond James Financial boosted their price objective on Premium Brands from C$100.00 to C$115.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. TD Securities boosted their price objective on Premium Brands from C$140.00 to C$145.00 and gave the company a “buy” rating in a research note on Monday, October 27th. National Bankshares boosted their price objective on Premium Brands from C$99.00 to C$101.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Desjardins boosted their price objective on Premium Brands from C$98.00 to C$103.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Canaccord Genuity Group boosted their price objective on Premium Brands from C$100.00 to C$118.00 in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$112.82.

Premium Brands Trading Down 2.4%

Premium Brands stock opened at C$95.12 on Tuesday. The business has a 50-day simple moving average of C$94.66 and a two-hundred day simple moving average of C$87.83. The company has a market cap of C$4.25 billion, a P/E ratio of 45.73, a P/E/G ratio of 1.10 and a beta of 0.40. Premium Brands has a 52-week low of C$72.57 and a 52-week high of C$99.90. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00.

About Premium Brands

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.