Premium Brands (TSE:PBH) Given a C$120.00 Price Target by Desjardins Analysts

Premium Brands (TSE:PBH) has been assigned a C$120.00 target price by stock analysts at Desjardins in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 19.17% from the stock’s previous close.

Several other analysts also recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Premium Brands from C$106.00 to C$111.00 in a report on Thursday. Royal Bank Of Canada raised their price objective on shares of Premium Brands from C$108.00 to C$118.00 in a research report on Tuesday, November 4th. BMO Capital Markets boosted their price target on Premium Brands from C$111.00 to C$125.00 in a research note on Thursday. CIBC increased their price objective on Premium Brands from C$115.00 to C$120.00 in a research report on Thursday. Finally, Raymond James Financial boosted their target price on shares of Premium Brands from C$115.00 to C$125.00 in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$121.64.

Premium Brands Stock Performance

Shares of PBH stock traded down C$0.80 during trading on Friday, reaching C$100.70. 51,056 shares of the company’s stock were exchanged, compared to its average volume of 108,213. Premium Brands has a twelve month low of C$72.57 and a twelve month high of C$103.89. The firm’s fifty day moving average price is C$95.52 and its 200-day moving average price is C$91.03. 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 stock has a market capitalization of C$4.50 billion, a PE ratio of 68.50, a PEG ratio of 1.10 and a beta of 0.38.

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

More Premium Brands News

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

• Positive Sentiment: TD Securities raised its target sharply to C$160 (≈57.6% upside vs C$101.50), signalling strong conviction on longer‑term upside and likely supporting buying interest. BayStreet.CA
• Positive Sentiment: Raymond James bumped its target to C$125 (≈23% upside), reinforcing elevated analyst enthusiasm across the street. BayStreet.CA
• Positive Sentiment: BMO Capital Markets raised its target to C$125 (≈23% upside), adding to the cluster of upward revisions that could attract momentum buyers. BayStreet.CA
• Positive Sentiment: CIBC increased its target to C$120 (≈18% upside), another sign that brokers are revising earnings/valuation assumptions higher. BayStreet.CA
• Positive Sentiment: Scotiabank upgraded PBH from Hold to Outperform and lifted its target to C$120 (from C$99), which could bring incremental buy-side interest from institutional clients following Scotiabank coverage. BayStreet.CA
• Positive Sentiment: Stifel raised its target modestly to C$111, adding to the consensus of higher targets across brokers. BayStreet.CA
• Negative Sentiment: The company completed a C$600 million offering combining equity and convertible debentures — proceeds bolster the balance sheet and fund growth but dilute existing shareholders and introduce potential future conversion-driven supply. This financing likely offsets some of the positive analyst momentum and helps explain downward pressure. Premium Brands Holdings Corporation Announces Completion of $600 million Equity and Convertible Debenture Offerings

About Premium Brands

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.