Premium Brands (TSE:PBH) Price Target Raised to C$100.00

Premium Brands (TSE:PBH) had its price objective increased by BMO Capital Markets from C$94.00 to C$100.00 in a research note published on Monday,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other analysts also recently commented on the company. Royal Bank of Canada raised their price objective on Premium Brands from C$96.00 to C$97.00 and gave the stock an “outperform” rating in a research report on Thursday, March 20th. National Bankshares decreased their price target on shares of Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Finally, Raymond James set a C$100.00 price objective on shares of Premium Brands and gave the company an “outperform” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$102.90.

Premium Brands Stock Performance

TSE:PBH opened at C$79.34 on Monday. The firm’s 50-day moving average is C$77.87 and its 200-day moving average is C$82.80. The company has a market cap of C$3.54 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51. Premium Brands has a 52-week low of C$74.00 and a 52-week high of C$97.10.

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.