Premium Brands (TSE:PBH) PT Lowered to C$138.00

Premium Brands (TSE:PBH – Get Rating) had its price objective lowered by National Bankshares from C$155.00 to C$138.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 31.32% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Desjardins restated a “buy” rating and set a C$150.00 price target on shares of Premium Brands in a report on Sunday, April 17th. BMO Capital Markets decreased their price objective on shares of Premium Brands from C$156.00 to C$142.00 in a report on Friday, March 11th. CIBC decreased their price objective on shares of Premium Brands from C$135.00 to C$120.00 and set a “neutral” rating for the company in a report on Friday, March 11th. Finally, Scotiabank decreased their price objective on shares of Premium Brands from C$150.00 to C$145.00 in a report on Friday, March 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$144.00.

TSE PBH opened at C$105.09 on Thursday. The stock has a market capitalization of C$4.71 billion and a P/E ratio of 34.57. Premium Brands has a 1 year low of C$100.41 and a 1 year high of C$137.75. The business’s fifty day moving average is C$109.55 and its two-hundred day moving average is C$121.23. The company has a debt-to-equity ratio of 109.15, a quick ratio of 0.93 and a current ratio of 2.09.

Premium Brands (TSE:PBH – Get Rating) last announced its earnings results on Thursday, March 10th. The company reported C$1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.17 by C$0.06. The firm had revenue of C$1.35 billion for the quarter, compared to analyst estimates of C$1.27 billion. On average, research analysts forecast that Premium Brands will post 6.5500004 earnings per share for the current year.

Premium Brands Company Profile (Get Rating)

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entrees, panini, wraps, subs, hamburgers, burgers, muffins, breads, pastas, and baking and sushi products, as well as processed meat products and ready-to-eat meals.

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