Premium Brands (TSE:PBH – Get Free Report) had its price objective increased by equities researchers at National Bankshares from C$109.00 to C$110.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price objective points to a potential upside of 20.85% from the company’s current price.
A number of other analysts have also commented on PBH. CIBC decreased their price objective on Premium Brands from C$102.00 to C$97.00 and set a “neutral” rating for the company in a report on Monday, March 18th. BMO Capital Markets reduced their target price on Premium Brands from C$117.00 to C$115.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Royal Bank of Canada dropped their price objective on Premium Brands from C$103.00 to C$99.00 and set a “sector perform” rating on the stock in a research note on Monday, March 18th. Stifel Nicolaus dropped their price objective on Premium Brands from C$108.00 to C$104.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Finally, TD Securities dropped their target price on Premium Brands from C$130.00 to C$120.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$111.70.
Premium Brands Trading Up 0.2 %
Premium Brands (TSE:PBH – Get Free Report) last issued its earnings results on Friday, March 15th. The company reported C$0.85 EPS for the quarter, missing analysts’ consensus estimates of C$1.13 by C($0.28). Premium Brands had a net margin of 1.50% and a return on equity of 5.26%. The firm had revenue of C$1.55 billion during the quarter, compared to the consensus estimate of C$1.61 billion. As a group, analysts forecast that Premium Brands will post 4.8440524 earnings per share for the current year.
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.
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