Stifel Nicolaus Forecasts Strong Price Appreciation for Premium Brands (TSE:PBH) Stock

Premium Brands (TSE:PBH) had its target price upped by research analysts at Stifel Nicolaus from C$106.00 to C$111.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Stifel Nicolaus’ target price points to a potential upside of 9.82% from the stock’s current price.

Several other research firms have also recently weighed in on PBH. TD Securities lifted their price target on Premium Brands from C$145.00 to C$160.00 in a report on Thursday. CIBC upped their target price on Premium Brands from C$108.00 to C$115.00 in a research note on Tuesday, November 11th. Scotiabank dropped their price objective on Premium Brands from C$103.00 to C$99.00 in a research report on Tuesday, November 11th. Royal Bank Of Canada lifted their target price on Premium Brands from C$108.00 to C$118.00 in a research report on Tuesday, November 4th. Finally, BMO Capital Markets boosted their target price on Premium Brands from C$109.00 to C$111.00 in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Premium Brands has a consensus rating of “Buy” and a consensus target price of C$120.09.

Premium Brands Trading Up 1.6%

Premium Brands stock traded up C$1.63 during mid-day trading on Thursday, hitting C$101.07. 179,975 shares of the company’s stock were exchanged, compared to its average volume of 108,066. Premium Brands has a fifty-two week low of C$72.57 and a fifty-two week high of C$103.89. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00. The firm has a market capitalization of C$4.51 billion, a P/E ratio of 68.76, a PEG ratio of 1.10 and a beta of 0.38. The company’s 50 day simple moving average is C$95.40 and its 200-day simple moving average is C$90.95.

Premium Brands (TSE:PBH) last issued its quarterly earnings results on Monday, November 10th. The company reported C$1.27 earnings per share for the quarter. Premium Brands had a net margin of 1.55% and a return on equity of 5.66%. The company had revenue of C$1.99 billion during the quarter. On average, equities analysts anticipate that Premium Brands will post 6.039823 earnings per share 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.