Premium Brands (TSE:PBH) Price Target Raised to C$97.00 at National Bankshares

Premium Brands (TSE:PBH) had its price objective raised by National Bankshares from C$96.00 to C$97.00 in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other research analysts have also issued research reports about the company. Ventum Financial increased their target price on Premium Brands from C$109.00 to C$120.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. Royal Bank of Canada decreased their price objective on Premium Brands from C$98.00 to C$97.00 and set a “sector perform” rating for the company in a report on Tuesday, May 6th. Desjardins dropped their target price on shares of Premium Brands from C$95.00 to C$93.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Cibc World Mkts upgraded shares of Premium Brands from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Finally, Scotiabank raised shares of Premium Brands to a “hold” rating in a research note on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$101.90.

Premium Brands Price Performance

Shares of TSE PBH opened at C$83.11 on Thursday. Premium Brands has a 1 year low of C$72.57 and a 1 year high of C$97.10. The stock has a market capitalization of C$3.70 billion, a P/E ratio of 37.00, a P/E/G ratio of 1.10 and a beta of 0.98. The company’s 50-day moving average is C$77.56 and its 200 day moving average is C$79.20. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16.

Premium Brands Company Profile

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 processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.