Premium Brands (TSE:PBH) Given a C$117.00 Price Target at Stifel Nicolaus

Stifel Nicolaus set a C$117.00 price target on Premium Brands (TSE:PBH) in a report published on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

PBH has been the topic of a number of other reports. TD Securities cut their price target 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. Ventum Capital boosted their price objective on shares of Premium Brands from C$124.00 to C$128.00 and gave the company a “buy” rating in a report on Friday, May 8th. Royal Bank Of Canada upped their target price on shares of Premium Brands from C$129.00 to C$131.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Scotia increased their target price on shares of Premium Brands from C$100.00 to C$110.00 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of Premium Brands from C$110.00 to C$115.00 in a report on Friday, May 8th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$118.62.

Premium Brands Stock Up 1.4%

Shares of Premium Brands stock opened at C$91.16 on Monday. The business has a fifty day simple moving average of C$87.85 and a 200 day simple moving average of C$91.76. The stock has a market cap of C$4.74 billion, a PE ratio of 101.29, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The company has a quick ratio of 1.16, a current ratio of 1.28 and a debt-to-equity ratio of 163.05. Premium Brands has a 12 month low of C$80.90 and a 12 month high of C$106.79.

Premium Brands (TSE:PBH) last released its earnings results on Thursday, May 7th. The company reported C$0.83 earnings per share for the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%.The firm had revenue of C$2.05 billion for the quarter. Research analysts predict that Premium Brands will post 6.039823 EPS 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.