Royal Bank of Canada Lowers Premium Brands (TSE:PBH) Price Target to C$96.00

Premium Brands (TSE:PBH) had its price target reduced by investment analysts at Royal Bank of Canada from C$100.00 to C$96.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Royal Bank of Canada’s target price points to a potential upside of 24.19% from the stock’s current price.

A number of other brokerages also recently commented on PBH. Stifel Nicolaus lowered their price target on shares of Premium Brands from C$106.00 to C$101.00 in a report on Thursday. TD Securities decreased their price objective on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a research report on Thursday. BMO Capital Markets dropped their target price on Premium Brands from C$111.00 to C$94.00 in a report on Thursday. Finally, National Bankshares boosted their target price on Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$108.30.

Premium Brands Price Performance

Shares of TSE PBH traded down C$0.91 during midday trading on Thursday, reaching C$77.30. The stock had a trading volume of 118,929 shares, compared to its average volume of 51,194. The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56. Premium Brands has a 12-month low of C$75.67 and a 12-month high of C$97.28. The stock has a 50-day moving average of C$91.17 and a 200-day moving average of C$90.54. The company has a market capitalization of C$3.43 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share for the quarter, missing the consensus estimate of C$1.36 by C($0.25). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same quarter in the prior year, the firm posted $1.27 earnings per share. As a group, research analysts anticipate that Premium Brands will post 6.039823 EPS for the current fiscal year.

Insider Buying and Selling at Premium Brands

In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total transaction of C$604,100.00. 2.01% of the stock is currently owned by corporate insiders.

Premium Brands Company Profile

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.