Premium Brands (TSE:PBH) Stock Price Target Lowered at Royal Bank Of Canada

Premium Brands (TSE:PBH) had its target price lowered by equities researchers at Royal Bank Of Canada from C$120.00 to C$110.00 in a report released on Tuesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price objective points to a potential upside of 49.11% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Desjardins lowered 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 research report on Friday, August 7th. TD cut their price objective on shares of Premium Brands from C$140.00 to C$130.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Stifel Nicolaus cut their price objective on shares of Premium Brands from C$117.00 to C$105.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Ventum Capital set a C$127.00 target price on shares of Premium Brands and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Finally, Canaccord Genuity Group decreased their target price on shares of Premium Brands from C$123.00 to C$117.00 in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$115.25.

Premium Brands Price Performance

Shares of TSE:PBH traded up C$0.11 during midday trading on Tuesday, hitting C$73.77. The company had a trading volume of 86,024 shares, compared to its average volume of 185,145. Premium Brands has a twelve month low of C$69.10 and a twelve month high of C$106.79. The stock has a market cap of C$3.84 billion, a price-to-earnings ratio of 44.98, a price-to-earnings-growth ratio of 1.10 and a beta of 0.84. The company has a debt-to-equity ratio of 153.93, a current ratio of 1.36 and a quick ratio of 1.16. The business’s 50-day simple moving average is C$74.38 and its 200-day simple moving average is C$86.38.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.53 earnings per share for the quarter. The company 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%. On average, research analysts predict that Premium Brands will post 6.04 earnings per share for the current year.

About Premium Brands

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