Premium Brands (TSE:PBH) Given New C$105.00 Price Target at Stifel Nicolaus

Premium Brands (TSE:PBH) had its price target reduced by Stifel Nicolaus from C$117.00 to C$105.00 in a report published on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts also recently weighed in on PBH. Canaccord Genuity Group reduced their target price on shares of Premium Brands from C$123.00 to C$117.00 in a research report on Friday. Ventum Financial set a C$124.00 price target on shares of Premium Brands and gave the company a “buy” rating in a research report on Wednesday, April 22nd. National Bank Financial dropped their price objective on shares of Premium Brands from C$108.00 to C$98.00 and set a “sector perform” rating on the stock in a research note on Friday. Scotia cut their price objective on shares of Premium Brands from C$110.00 to C$105.00 and set a “sector outperform” rating on the stock in a report on Friday. Finally, ATB Cormark Capital Markets decreased their target price on shares of Premium Brands from C$150.00 to C$130.00 and set an “outperform” rating for the company in a research note on Friday. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Premium Brands presently has an average rating of “Moderate Buy” and a consensus price target of C$116.25.

Premium Brands Price Performance

Shares of PBH stock opened at C$83.80 on Friday. The stock has a market cap of C$4.36 billion, a price-to-earnings ratio of 93.11, a PEG ratio of 1.10 and a beta of 0.90. The business’s fifty day moving average is C$88.25 and its 200 day moving average is C$90.84. Premium Brands has a twelve month low of C$80.24 and a twelve month high of C$106.79. The company has a quick ratio of 1.16, a current ratio of 1.28 and a debt-to-equity ratio of 163.05.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.53 earnings per share (EPS) for the quarter. The business had revenue of C$2.38 billion during the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%. Research analysts expect that Premium Brands will post 6.039823 EPS for the current fiscal year.

More Premium Brands News

Here are the key news stories impacting Premium Brands this week:

• Positive Sentiment: Premium Brands reported record second-quarter sales, adjusted EBITDA and adjusted earnings, and declared a third-quarter dividend. The company separately reported quarterly revenue of C$2.38 billion and EPS of C$1.53. Premium Brands second-quarter results
• Positive Sentiment: Several analysts retained constructive ratings following the results. ATB Cormark and TD maintained “outperform” or “buy” views with C$130 targets, while RBC kept an “outperform” rating and a C$120 target. Other retained positive ratings included Ventum, Desjardins and Stifel. Analyst rating changes
• Neutral Sentiment: Even after the revisions, the published targets imply approximately 16.9% to 55.1% potential upside from the reported C$83.84 share price, suggesting analysts still view the stock as undervalued if earnings growth and profitability improve.
• Negative Sentiment: Every listed analyst lowered its price target: Canaccord Genuity to C$117, National Bank to C$98, Scotia to C$105, BMO to C$111, ATB Cormark to C$130, Ventum to C$127, CIBC to C$100, RBC to C$120, TD to C$130, Desjardins to C$110 and Stifel to C$105. The widespread reductions signal more cautious expectations despite the remaining bullish ratings. Premium Brands analyst revisions

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. 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.