Premium Brands (TSE:PBH) Stock Rating Upgraded by Ventum Financial

Premium Brands (TSE:PBH) was upgraded by Ventum Financial to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts also recently issued reports on PBH. Raymond James Financial reduced their price objective on shares of Premium Brands from C$125.00 to C$115.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. TD Securities reduced their price objective on shares of Premium Brands from C$160.00 to C$140.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Desjardins set a C$120.00 price objective on shares of Premium Brands and gave the company a “buy” rating in a research report on Friday, March 20th. Scotiabank reduced their price objective on shares of Premium Brands from C$120.00 to C$100.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Finally, BMO Capital Markets reduced their price objective on shares of Premium Brands from C$125.00 to C$116.00 in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$116.36.

Premium Brands Trading Down 0.5%

TSE:PBH opened at C$83.93 on Tuesday. The company has a fifty day moving average of C$92.83 and a 200 day moving average of C$95.59. Premium Brands has a 52 week low of C$74.22 and a 52 week high of C$106.79. The company has a quick ratio of 1.16, a current ratio of 1.23 and a debt-to-equity ratio of 206.42. The firm has a market capitalization of C$4.36 billion, a P/E ratio of 93.26, a P/E/G ratio of 1.10 and a beta of 0.86.

Premium Brands (TSE:PBH) last posted its quarterly earnings results on Thursday, March 19th. The company reported C$1.29 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, research analysts predict that Premium Brands will post 6.039823 earnings per share for the current 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.