Premium Brands (TSE:PBH) Given New C$110.00 Price Target at Desjardins

Premium Brands (TSE:PBH) had its target price decreased by analysts at Desjardins from C$120.00 to C$110.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 31.05% from the company’s previous close.

Other analysts also recently issued research reports about the company. Canaccord Genuity Group decreased their target price on Premium Brands from C$123.00 to C$117.00 in a research note on Friday. Canadian Imperial Bank of Commerce reduced their price objective on Premium Brands from C$115.00 to C$100.00 in a research report on Friday. Royal Bank Of Canada lowered their price objective on shares of Premium Brands from C$131.00 to C$120.00 and set an “outperform” rating on the stock in a research note on Friday. BMO Capital Markets dropped their target price on shares of Premium Brands from C$118.00 to C$111.00 in a research report on Friday. Finally, TD cut their target price on shares of Premium Brands from C$140.00 to C$130.00 and set a “buy” rating for the company in a research note on Friday. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$116.25.

Premium Brands Stock Performance

Premium Brands stock traded up C$2.65 on Friday, reaching C$83.94. 285,706 shares of the stock were exchanged, compared to its average volume of 169,553. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 163.05. Premium Brands has a twelve month low of C$80.24 and a twelve month high of C$106.79. The firm has a fifty day moving average price of C$88.40 and a two-hundred day moving average price of C$90.89. The stock has a market cap of C$4.36 billion, a PE ratio of 93.27, a PEG ratio of 1.10 and a beta of 0.90.

Premium Brands (TSE:PBH) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share (EPS) for the quarter. The company had revenue of C$2.38 billion for the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%. Sell-side analysts anticipate 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.