Premium Brands (TSE:PBH) Stock Gets Price Target Trim from National Bank Financial

Premium Brands (TSE:PBH) had its price target decreased by National Bank Financial from C$98.00 to C$93.00 in a research report report published on Friday,BayStreet reports. National Bank Financial currently has a sector perform rating on the stock.

A number of other research firms also recently commented on PBH. Canadian Imperial Bank of Commerce decreased their target price on Premium Brands from C$115.00 to C$100.00 and set a “strong-buy” rating for the company in a report on Friday, August 7th. ATB Cormark Capital Markets dropped their target price on Premium Brands from C$150.00 to C$130.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Desjardins cut their price target on shares of Premium Brands from C$120.00 to C$110.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Ventum cut their price target on shares of Premium Brands from C$128.00 to C$127.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, BMO Capital Markets reduced their price target on shares of Premium Brands from C$118.00 to C$111.00 in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$115.88.

Premium Brands Stock Performance

Shares of PBH opened at C$73.09 on Friday. The stock has a 50-day moving average of C$75.23 and a two-hundred day moving average of C$83.00. Premium Brands has a one year low of C$69.10 and a one year high of C$106.79. The company has a debt-to-equity ratio of 153.93, a quick ratio of 1.16 and a current ratio of 1.36. The stock has a market cap of C$3.80 billion, a P/E ratio of 44.57, a P/E/G ratio of 1.10 and a beta of 0.84.

Premium Brands (TSE:PBH) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share for the quarter. The business had revenue of C$2.38 billion for the quarter. Premium Brands had a return on equity of 4.19% and a net margin of 1.01%. As a group, research analysts predict that Premium Brands will post 6.04 EPS for the current year.

Premium Brands Company Profile

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.