Stifel Nicolaus Cuts Premium Brands (TSE:PBH) Price Target to C$105.00

Premium Brands (TSE:PBH) had its target price decreased by Stifel Nicolaus from C$117.00 to C$105.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 25.09% from the company’s previous close.

A number of other research firms have also issued reports on PBH. Royal Bank Of Canada decreased their target price on Premium Brands from C$131.00 to C$120.00 and set an “outperform” rating for the company in a report on Friday. Ventum Financial set a C$124.00 price target on Premium Brands and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Desjardins decreased their price objective on Premium Brands from C$120.00 to C$110.00 and set a “buy” rating for the company in a research note on Friday. National Bank Financial cut their target price on shares of Premium Brands from C$108.00 to C$98.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Canadian Imperial Bank of Commerce reduced their target price on shares of Premium Brands from C$115.00 to C$100.00 in a report on Friday. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Premium Brands presently has an average rating of “Moderate Buy” and an average target price of C$116.25.

Premium Brands Stock Up 3.3%

Shares of PBH stock traded up C$2.65 during trading on Friday, reaching C$83.94. The company’s stock had a trading volume of 285,706 shares, compared to its average volume of 169,553. The company has a debt-to-equity ratio of 163.05, a current ratio of 1.28 and a quick ratio of 1.16. The company has a market capitalization of C$4.36 billion, a price-to-earnings ratio of 93.27, a P/E/G ratio of 1.10 and a beta of 0.90. The stock’s 50-day moving average price is C$88.40 and its 200 day moving average price is C$90.89. Premium Brands has a 1-year low of C$80.24 and a 1-year high of C$106.79.

Premium Brands (TSE:PBH) last released its 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 net margin of 0.52% and a return on equity of 2.21%. On average, research analysts anticipate that Premium Brands will post 6.039823 EPS for the current year.

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.