Canadian Imperial Bank of Commerce Lowers Premium Brands (TSE:PBH) Price Target to C$110.00

Premium Brands (TSE:PBH) had its target price reduced by Canadian Imperial Bank of Commerce from C$120.00 to C$110.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective suggests a potential upside of 27.02% from the stock’s current price.

Several other equities analysts have also recently issued reports on PBH. Scotiabank raised shares of Premium Brands from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from C$99.00 to C$120.00 in a research note on Thursday, December 18th. TD Securities increased their target price on shares of Premium Brands from C$145.00 to C$160.00 in a research note on Thursday, December 18th. Raymond James Financial raised their target price on shares of Premium Brands from C$115.00 to C$125.00 in a report on Thursday, December 18th. 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, December 19th. Finally, Stifel Nicolaus upped their price target on Premium Brands from C$106.00 to C$111.00 in a report on Thursday, December 18th. One investment 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. According to MarketBeat, Premium Brands presently has an average rating of “Buy” and a consensus target price of C$117.82.

Premium Brands Price Performance

Shares of PBH stock opened at C$86.60 on Friday. The firm has a fifty day moving average of C$99.05 and a two-hundred day moving average of C$97.03. Premium Brands has a 1-year low of C$72.57 and a 1-year high of C$106.79. The firm has a market cap of C$3.87 billion, a P/E ratio of 58.91, a P/E/G ratio of 1.10 and a beta of 0.51. The company has a debt-to-equity ratio of 206.42, a current ratio of 1.23 and a quick ratio of 1.16.

Premium Brands (TSE:PBH) last released its earnings results 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 firm had revenue of C$1.90 billion for the quarter. As a group, research analysts anticipate 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.