Raymond James Financial Issues Pessimistic Forecast for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH) had its price objective dropped by investment analysts at Raymond James Financial from C$125.00 to C$115.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s target price points to a potential upside of 32.79% from the stock’s current price.

PBH has been the subject of several other reports. BMO Capital Markets lowered their price target on shares of Premium Brands from C$125.00 to C$116.00 in a report on Friday. TD Securities raised their price objective on Premium Brands from C$145.00 to C$160.00 in a report on Thursday, December 18th. Scotiabank reduced their price objective on Premium Brands from C$120.00 to C$100.00 and set an “outperform” rating on the stock in a research report on Friday. Desjardins set a C$120.00 target price on Premium Brands and gave the stock a “buy” rating in a report on Friday. Finally, Stifel Nicolaus increased their target price on Premium Brands from C$106.00 to C$111.00 in a research report on Thursday, December 18th. One 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’s stock. According to MarketBeat.com, Premium Brands presently has an average rating of “Buy” and an average target price of C$117.82.

Premium Brands Trading Down 0.5%

PBH opened at C$86.60 on Friday. The company has a market cap of C$3.87 billion, a P/E ratio of 58.91, a PEG ratio of 1.10 and a beta of 0.51. The company has a current ratio of 1.23, a quick ratio of 1.16 and a debt-to-equity ratio of 206.42. The company’s 50 day moving average is C$99.05 and its 200-day moving average is C$97.03. 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 released its quarterly earnings data on Thursday, March 19th. The company reported C$1.29 earnings per share (EPS) for the quarter. The business 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%. Equities research analysts predict that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands News Roundup

Here are the key news stories impacting Premium Brands this week:

• Positive Sentiment: Reported record fourth‑quarter sales, adjusted EBITDA and adjusted EPS, and announced the sale of an interest (company press release). Premium Brands reports record Q4
• Positive Sentiment: Desjardins initiated/assigned a C$120.00 price target with a “buy” rating, implying ~39% upside from the current price — a bullish analyst view that could support the stock. Desjardins sets C$120 target
• Neutral Sentiment: Quarterly headline: C$1.29 EPS and C$1.90B revenue, but reported net margin ~0.92% and ROE ~3.8% — strong top‑line/adjusted metrics offset by thin GAAP margins. Quarterly results and materials
• Neutral Sentiment: Scotiabank cut its price target from C$120 to C$100 but kept an “outperform” rating (still implies mid‑teens upside) — a tempered yet constructive view. Scotiabank lowers target
• Neutral Sentiment: BMO Capital Markets trimmed its target from C$125 to C$116 (remaining upside in the mid‑30%s) — a cut but still positive on longer‑term upside. BMO lowers target
• Neutral Sentiment: Raymond James lowered its target from C$125 to C$115 and kept an “outperform” rating — another analyst trimming estimates but maintaining upside. Raymond James lowers target
• Neutral Sentiment: Canadian Imperial Bank of Commerce reduced its target to C$110 from C$120 (still shows ~28% upside). CIBC lowers target TickerReport item
• Negative Sentiment: National Bank Financial lowered its target from C$115 to C$108 and moved to a “sector perform” rating — a downgrade in tone that likely pressured the stock. National Bank cuts target and rating TickerReport item

Premium Brands Company Profile

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.