Premium Brands (TSE:PBH) Given a C$124.00 Price Target by Ventum Financial Analysts

Premium Brands (TSE:PBH) has been assigned a C$124.00 price target by analysts at Ventum Financial in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Ventum Financial’s target price points to a potential upside of 48.49% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Desjardins set a C$120.00 target price on Premium Brands and gave the stock a “buy” rating in a research note on Friday, March 20th. TD Securities lowered their target price on shares of Premium Brands from C$160.00 to C$140.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Scotiabank dropped their target price 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. BMO Capital Markets cut their price target on shares of Premium Brands from C$125.00 to C$116.00 in a research note on Friday, March 20th. Finally, National Bank Financial reduced their price target on shares of Premium Brands from C$115.00 to C$108.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$116.36.

Premium Brands Stock Down 0.5%

Premium Brands stock opened at C$83.51 on Wednesday. Premium Brands has a 1-year low of C$74.22 and a 1-year high of C$106.79. The company has a debt-to-equity ratio of 206.42, a current ratio of 1.23 and a quick ratio of 1.16. The stock has a market cap of C$4.34 billion, a PE ratio of 92.79, a P/E/G ratio of 1.10 and a beta of 0.86. The stock’s fifty day moving average is C$92.42 and its two-hundred day moving average is C$95.51.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, March 19th. The company reported C$1.29 earnings per share (EPS) for the quarter. Premium Brands had a return on equity of 2.38% and a net margin of 0.54%.The business had revenue of C$1.90 billion during the quarter. On average, sell-side analysts expect that Premium Brands will post 6.039823 EPS 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.