Premium Brands (TSE:PBH) Price Target Raised to C$145.00

Premium Brands (TSE:PBH) had its target price raised by TD Securities from C$140.00 to C$145.00 in a report issued on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. National Bankshares increased their price target on shares of Premium Brands from C$99.00 to C$101.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Royal Bank Of Canada raised shares of Premium Brands from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$100.00 to C$108.00 in a report on Thursday, August 7th. Canaccord Genuity Group raised their price objective on shares of Premium Brands from C$100.00 to C$118.00 in a report on Thursday, August 7th. Raymond James Financial raised their price objective on shares of Premium Brands from C$100.00 to C$115.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Finally, CIBC raised their price objective on shares of Premium Brands from C$98.00 to C$108.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$111.91.

Premium Brands Price Performance

Shares of Premium Brands stock opened at C$94.80 on Monday. 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 has a fifty-two week low of C$72.57 and a fifty-two week high of C$99.90. The firm has a fifty day moving average price of C$94.59 and a two-hundred day moving average price of C$87.22. The company has a market cap of C$4.23 billion, a PE ratio of 45.58, a price-to-earnings-growth ratio of 1.10 and a beta of 0.34.

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.