Premium Brands (TSE:PBH) had its target price reduced by stock analysts at TD Securities from C$95.00 to C$94.00 in a research note issued on Friday. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 27.89% from the company’s current price.
Several other equities analysts also recently weighed in on PBH. National Bank Financial reissued an “outperform” rating and set a C$95.00 price target on shares of Premium Brands in a research report on Friday, January 18th. Desjardins downgraded Premium Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Industrial Alliance Securities reissued a “buy” rating and set a C$95.00 price target on shares of Premium Brands in a research report on Monday, January 28th. Finally, CIBC downgraded Premium Brands from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from C$126.00 to C$82.00 in a research report on Monday, November 19th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$94.75.
Premium Brands stock traded up C$2.74 during mid-day trading on Friday, hitting C$73.50. 136,864 shares of the company were exchanged, compared to its average volume of 124,794. The company has a debt-to-equity ratio of 136.58, a quick ratio of 0.95 and a current ratio of 1.92. The company has a market capitalization of $2.40 billion and a price-to-earnings ratio of 23.92. Premium Brands has a 12-month low of C$66.99 and a 12-month high of C$122.77.
Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.
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