Premium Brands (TSE:PBH) Raised to “Outperform” at CIBC

Premium Brands (TSE:PBH) was upgraded by research analysts at CIBC from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a C$95.00 target price on the stock, up from their previous target price of C$90.00. CIBC’s price target points to a potential upside of 24.43% from the company’s current price.

A number of other brokerages have also recently issued reports on PBH. BMO Capital Markets upped their target price on Premium Brands from C$94.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Monday, March 24th. Raymond James set a C$100.00 price objective on Premium Brands and gave the company an “outperform” rating in a research report on Thursday, December 19th. National Bankshares cut their target price on shares of Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Ventum Financial upped their price target on Premium Brands from C$109.00 to C$120.00 and gave the company a “buy” rating in a report on Monday, March 24th. Finally, Scotiabank upgraded Premium Brands to a “hold” rating in a research note on Tuesday, April 1st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$103.40.

Premium Brands Stock Down 0.2 %

Shares of PBH traded down C$0.18 during trading hours on Monday, reaching C$76.35. The company’s stock had a trading volume of 80,182 shares, compared to its average volume of 91,777. The firm has a market cap of C$3.40 billion, a price-to-earnings ratio of 33.99, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a 50 day moving average of C$77.68 and a two-hundred day moving average of C$82.32. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00. Premium Brands has a 1-year low of C$74.00 and a 1-year 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.