CIBC Issues Positive Forecast for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH) had its price objective hoisted by equities researchers at CIBC from C$115.00 to C$120.00 in a research note issued on Thursday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 18.73% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus boosted their price objective on shares of Premium Brands from C$106.00 to C$111.00 in a report on Thursday. Royal Bank Of Canada boosted their price target on Premium Brands from C$108.00 to C$118.00 in a research note on Tuesday, November 4th. BMO Capital Markets increased their price objective on Premium Brands from C$109.00 to C$111.00 in a report on Tuesday, November 11th. TD Securities lifted their target price on Premium Brands from C$145.00 to C$160.00 in a report on Thursday. Finally, Raymond James Financial upped their target price on Premium Brands from C$115.00 to C$125.00 in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$120.09.

Premium Brands Stock Up 1.6%

Shares of PBH traded up C$1.63 during mid-day trading on Thursday, hitting C$101.07. 179,975 shares of the company traded hands, compared to its average volume of 108,066. The company has a market capitalization of C$4.51 billion, a PE ratio of 68.76, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00. The business has a 50 day moving average of C$95.40 and a 200 day moving average of C$90.95. Premium Brands has a 1-year low of C$72.57 and a 1-year high of C$103.89.

Premium Brands (TSE:PBH) last released its earnings results on Monday, November 10th. The company reported C$1.27 EPS for the quarter. Premium Brands had a net margin of 1.55% and a return on equity of 5.66%. The company had revenue of C$1.99 billion during the quarter. Equities research analysts anticipate that Premium Brands will post 6.039823 EPS for the current year.

About Premium Brands

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company’s business segments include Specialty Foods, Premium Food Distribution, and Corporate.