Premium Brands (PBH) Price Target Raised to C$96.00 at TD Securities

Premium Brands (TSE:PBH) had its price target raised by equities research analysts at TD Securities from C$93.00 to C$96.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 12.81% from the company’s previous close.

A number of other research firms have also weighed in on PBH. CIBC dropped their price objective on Premium Brands from C$82.00 to C$72.00 in a research note on Friday, March 15th. Royal Bank of Canada dropped their price objective on Premium Brands from C$100.00 to C$97.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. Desjardins lowered Premium Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Industrial Alliance Securities reiterated a “buy” rating and issued a C$95.00 target price on shares of Premium Brands in a research report on Monday, January 28th. Finally, BMO Capital Markets decreased their target price on Premium Brands from C$92.00 to C$86.00 in a research report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Premium Brands has a consensus rating of “Buy” and a consensus price target of C$92.63.

TSE PBH opened at C$85.10 on Wednesday. The stock has a market capitalization of $2.63 billion and a PE ratio of 29.76. The company has a debt-to-equity ratio of 187.13, a current ratio of 1.70 and a quick ratio of 0.73. Premium Brands has a twelve month low of C$66.99 and a twelve month high of C$118.49.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, March 14th. The company reported C$0.82 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.78 by C$0.04. The business had revenue of C$843.90 million during the quarter, compared to the consensus estimate of C$829.50 million. Equities research analysts predict that Premium Brands will post 4.91999981666038 earnings per share for the current fiscal year.

About Premium Brands

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, and baking and sushi products.

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Analyst Recommendations for Premium Brands (TSE:PBH)

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