Premium Brands (TSE:PBH – Get Free Report) had its target price dropped by investment analysts at Stifel Nicolaus from C$117.00 to C$105.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 25.09% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. National Bank Financial cut their target price on Premium Brands from C$108.00 to C$98.00 and set a “sector perform” rating for the company in a research note on Friday. Scotia lowered their price target on Premium Brands from C$110.00 to C$105.00 and set a “sector outperform” rating for the company in a report on Friday. Ventum Financial set a C$124.00 price objective on Premium Brands and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Desjardins reduced their price objective 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. Finally, BMO Capital Markets decreased their target price on shares of Premium Brands from C$118.00 to C$111.00 in a research report on Friday. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$116.25.
Read Our Latest Report on Premium Brands
Premium Brands Trading Up 3.3%
Premium Brands (TSE:PBH – Get Free Report) 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 during the quarter. Premium Brands had a net margin of 0.52% and a return on equity of 2.21%. On average, research analysts predict that Premium Brands will post 6.039823 earnings per share for the current year.
Premium Brands Company Profile
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.
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