Ventum Financial Forecasts Strong Price Appreciation for Premium Brands (TSE:PBH) Stock

Premium Brands (TSE:PBH) had its price target upped by stock analysts at Ventum Financial from C$109.00 to C$120.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ventum Financial’s price objective would suggest a potential upside of 51.19% from the company’s current price.

Other equities research analysts have also issued reports about the company. Desjardins reduced their price target on Premium Brands from C$95.00 to C$93.00 and set a “buy” rating for the company in a report on Monday. Royal Bank of Canada upped their price target on Premium Brands from C$96.00 to C$97.00 and gave the stock an “outperform” rating in a report on Thursday. National Bankshares reduced their price objective on Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Raymond James set a C$100.00 price objective on Premium Brands and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, BMO Capital Markets increased their price target on shares of Premium Brands from C$94.00 to C$100.00 and gave the company an “outperform” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$102.90.

Premium Brands Price Performance

PBH stock traded up C$0.65 on Monday, hitting C$79.37. 161,622 shares of the company’s stock traded hands, compared to its average volume of 86,984. The stock has a market cap of C$3.54 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. The stock has a fifty day moving average of C$77.76 and a 200-day moving average of C$82.94. Premium Brands has a 1-year low of C$74.00 and a 1-year high of C$97.10.

About Premium Brands

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.