Premium Brands (TSE:PBH) PT Set at C$117.00 by Stifel Nicolaus

Premium Brands (TSE:PBH) received a C$117.00 price target from analysts at Stifel Nicolaus in a research note issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 29.35% from the stock’s previous close.

A number of other research firms have also recently commented on PBH. TD Securities lowered their price target on shares of Premium Brands from C$160.00 to C$140.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Canadian Imperial Bank of Commerce increased their price objective on Premium Brands from C$110.00 to C$115.00 in a report on Friday, May 8th. Scotia raised their target price on Premium Brands from C$100.00 to C$110.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 8th. Royal Bank Of Canada boosted their target price on Premium Brands from C$129.00 to C$131.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Ventum Capital boosted their target price on Premium Brands from C$124.00 to C$128.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Premium Brands has a consensus rating of “Moderate Buy” and a consensus price target of C$118.62.

Premium Brands Stock Performance

TSE PBH opened at C$90.45 on Monday. The company has a market capitalization of C$4.70 billion, a PE ratio of 100.50, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The company has a debt-to-equity ratio of 163.05, a quick ratio of 1.16 and a current ratio of 1.28. Premium Brands has a 52-week low of C$80.90 and a 52-week high of C$106.79. The company has a 50-day simple moving average of C$87.91 and a 200 day simple moving average of C$91.68.

Premium Brands (TSE:PBH) last released its earnings results on Thursday, May 7th. The company reported C$0.83 earnings per share for the quarter. Premium Brands had a net margin of 0.52% and a return on equity of 2.21%. The firm had revenue of C$2.05 billion for the quarter. On average, research analysts predict that Premium Brands will post 6.039823 EPS for the current year.

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.