Premium Brands (TSE:PBH) PT Set at C$120.00 by Desjardins

Premium Brands (TSE:PBH) has been given a C$120.00 price objective by research analysts at Desjardins in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 18.93% from the company’s current price.

PBH has been the subject of a number of other research reports. CIBC lifted their price objective on shares of Premium Brands from C$115.00 to C$120.00 in a report on Thursday. BMO Capital Markets lifted their price target on shares of Premium Brands from C$111.00 to C$125.00 in a report on Thursday. Royal Bank Of Canada boosted their price objective on shares of Premium Brands from C$108.00 to C$118.00 in a research report on Tuesday, November 4th. TD Securities raised their target price on shares of Premium Brands from C$145.00 to C$160.00 in a report on Thursday. Finally, Scotiabank upgraded Premium Brands from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$99.00 to C$120.00 in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Premium Brands presently has a consensus rating of “Buy” and an average target price of C$121.64.

Premium Brands Stock Down 0.6%

Shares of Premium Brands stock opened at C$100.90 on Friday. The business has a 50-day moving average price of C$95.62 and a 200 day moving average price of C$91.23. Premium Brands has a fifty-two week low of C$72.57 and a fifty-two week high of C$103.89. The firm has a market cap of C$4.51 billion, a P/E ratio of 68.64, a P/E/G ratio of 1.10 and a beta of 0.38. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00.

Premium Brands (TSE:PBH) last released its earnings results on Monday, November 10th. The company reported C$1.27 EPS for the quarter. Premium Brands had a return on equity of 5.66% and a net margin of 1.55%.The company had revenue of C$1.99 billion for the quarter. On average, sell-side analysts forecast that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Key Premium Brands News

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

• Positive Sentiment: Multiple analysts raised price targets and ratings — TD moved its target to C$160, Raymond James and BMO to C$125, CIBC and Desjardins to C$120, Stifel to C$111, and Scotiabank upgraded to “outperform” (target C$120). Collectively these actions signal stronger sell‑side conviction and imply roughly 9%–58% upside versus current levels, supporting positive sentiment. Analyst Coverage Roundup
• Neutral Sentiment: Premium Brands closed the over‑allotment options related to its recent roughly $600M equity and convertible‑debenture offerings. That completion shows investor demand and strengthens the company’s liquidity and funding for M&A or operations, but it also increases share count and convertible obligations — a mixed impact for EPS and future dilution. Over-Allotment Closing
• Neutral Sentiment: A recent valuation piece asks whether PBH is still undervalued after a roughly 34% one‑year share gain — useful context for longer‑term investors but unlikely to drive a sharp near‑term move on its own. It highlights the debate between rising analyst targets and the stock’s rich multiple. Valuation Article

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.