TD Has Lowered Expectations for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH) had its price target decreased by equities researchers at TD from C$140.00 to C$130.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price target would suggest a potential upside of 54.87% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Scotia boosted their target price on shares of Premium Brands from C$100.00 to C$110.00 and gave the company a “sector outperform” rating in a research report on Friday, May 8th. Ventum Financial set a C$124.00 price target on shares of Premium Brands and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Canadian Imperial Bank of Commerce upped their price objective on shares of Premium Brands from C$110.00 to C$115.00 in a report on Friday, May 8th. Ventum Capital increased their price objective on shares of Premium Brands from C$124.00 to C$128.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada raised their target price on Premium Brands from C$129.00 to C$131.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$116.25.

Premium Brands Trading Up 3.3%

Shares of Premium Brands stock traded up C$2.65 on Friday, hitting C$83.94. 285,706 shares of the company’s stock traded hands, compared to its average volume of 169,553. The company has a fifty day moving average of C$88.40 and a two-hundred day moving average of C$90.89. Premium Brands has a one year low of C$80.24 and a one year high of C$106.79. The company has a market capitalization of C$4.36 billion, a price-to-earnings ratio of 93.27, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The company has a debt-to-equity ratio of 163.05, a current ratio of 1.28 and a quick ratio of 1.16.

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 firm 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%. As a group, sell-side analysts expect that Premium Brands will post 6.039823 earnings per share 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.