Premium Brands (TSE:PBH) Given a C$120.00 Price Target by Desjardins Analysts

Premium Brands (TSE:PBH) has been given a C$120.00 price objective by analysts at Desjardins in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 39.28% from the company’s previous close.

Several other equities research analysts also recently issued reports on PBH. Raymond James Financial increased their price objective on Premium Brands from C$115.00 to C$125.00 in a research note on Thursday, December 18th. Stifel Nicolaus increased their price target on shares of Premium Brands from C$106.00 to C$111.00 in a research report on Thursday, December 18th. Canadian Imperial Bank of Commerce decreased their price target on shares of Premium Brands from C$120.00 to C$110.00 in a report on Friday. BMO Capital Markets dropped their price objective on shares of Premium Brands from C$125.00 to C$116.00 in a research note on Friday. Finally, TD Securities increased their target price on shares of Premium Brands from C$145.00 to C$160.00 in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Premium Brands currently has a consensus rating of “Buy” and a consensus price target of C$117.82.

Premium Brands Trading Down 1.0%

Shares of TSE:PBH traded down C$0.89 during mid-day trading on Friday, hitting C$86.16. The stock had a trading volume of 173,134 shares, compared to its average volume of 127,082. The company’s 50 day moving average is C$99.33 and its 200-day moving average is C$97.05. Premium Brands has a 12-month low of C$72.57 and a 12-month high of C$106.79. The company has a debt-to-equity ratio of 201.70, a quick ratio of 1.16 and a current ratio of 1.33. The company has a market cap of C$3.85 billion, a PE ratio of 58.61, a P/E/G ratio of 1.10 and a beta of 0.51.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Thursday, March 19th. The company reported C$1.29 earnings per share for the quarter. The firm had revenue of C$1.90 billion for the quarter. Premium Brands had a net margin of 0.92% and a return on equity of 3.82%. On average, sell-side analysts predict that Premium Brands will post 6.039823 EPS for the current year.

Premium Brands Company Profile

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. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company’s distribution and wholesale businesses; the Corporate segment includes the company’s head office activities along with its finance and information systems.