Premium Brands (TSE:PBH) Price Target Cut to C$140.00 by Analysts at TD Securities

Premium Brands (TSE:PBH) had its price objective lowered by TD Securities from C$160.00 to C$140.00 in a research report report published on Monday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Scotiabank cut their price objective on Premium Brands from C$120.00 to C$100.00 and set an “outperform” rating for the company in a research report on Friday. Canadian Imperial Bank of Commerce decreased their target price on Premium Brands from C$120.00 to C$110.00 in a report on Friday. Raymond James Financial lowered their target price on Premium Brands from C$125.00 to C$115.00 and set an “outperform” rating for the company in a research note on Friday. Desjardins set a C$120.00 price target on shares of Premium Brands and gave the stock a “buy” rating in a research report on Friday. Finally, BMO Capital Markets decreased their price objective on shares of Premium Brands from C$125.00 to C$116.00 in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Premium Brands has an average rating of “Buy” and a consensus target price of C$115.60.

Premium Brands Price Performance

Shares of Premium Brands stock opened at C$87.51 on Monday. The stock has a market capitalization of C$3.91 billion, a price-to-earnings ratio of 59.53, a P/E/G ratio of 1.10 and a beta of 0.51. The firm’s 50-day moving average price is C$98.77 and its two-hundred day moving average price is C$97.02. The company has a current ratio of 1.23, a quick ratio of 1.16 and a debt-to-equity ratio of 206.42. Premium Brands has a 1-year low of C$72.57 and a 1-year high of C$106.79.

Premium Brands (TSE:PBH) last posted its earnings results on Thursday, March 19th. The company reported C$1.29 earnings per share (EPS) for the quarter. The company had revenue of C$1.90 billion during the quarter. Premium Brands had a net margin of 0.54% and a return on equity of 2.38%. On average, equities analysts predict that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

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. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company’s distribution and wholesale businesses; the Corporate segment includes the company’s head office activities along with its finance and information systems.