Premium Brands (TSE:PBH) has been given a C$116.00 target price by equities research analysts at CIBC in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 12.63% from the company’s previous close.

A number of other analysts also recently commented on the stock. Royal Bank of Canada dropped their price target on shares of Premium Brands from C$115.00 to C$111.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 15th. BMO Capital Markets upgraded shares of Premium Brands from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$106.00 to C$107.00 in a research report on Wednesday, November 15th. TD Securities boosted their price target on shares of Premium Brands from C$120.00 to C$125.00 and gave the stock an “action list buy” rating in a research report on Thursday, November 23rd. Scotiabank boosted their price target on shares of Premium Brands from C$96.00 to C$97.50 and gave the stock a “sector perform” rating in a research report on Thursday, November 23rd. Finally, National Bank Financial boosted their price target on shares of Premium Brands from C$110.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Thursday, November 23rd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Premium Brands presently has a consensus rating of “Buy” and an average price target of C$109.19.

Premium Brands (TSE PBH) traded up C$0.49 during mid-day trading on Thursday, hitting C$102.99. 90,969 shares of the company’s stock were exchanged, compared to its average volume of 61,701. Premium Brands has a one year low of C$65.26 and a one year high of C$110.28. The company has a market cap of $3,100.00, a P/E ratio of 37.05 and a beta of 0.39.

Premium Brands (TSE:PBH) last released its quarterly earnings results on Tuesday, November 14th. The company reported C$0.78 EPS for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.15). Premium Brands had a return on equity of 19.68% and a net margin of 3.82%.

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Premium Brands Company Profile

Premium Brands Holdings Corp is a Canada-based company that, through its subsidiaries, owns a range of specialty food manufacturing and food distribution businesses. The Company’s segments include Specialty Foods and Premium Food Distribution. Its family of brands and businesses include Conte Foods, Larosa Foods, McSweeney’s, Direct Plus, OvenPride and Island City Baking.

Analyst Recommendations for Premium Brands (TSE:PBH)

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