TD Cuts Premium Brands (TSE:PBH) Price Target to C$130.00

Premium Brands (TSE:PBH – Get Free Report) had its target price decreased by research analysts at TD from C$140.00 to C$130.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 54.87% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada upped their price target on shares of Premium Brands from C$129.00 to C$131.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Premium Brands from C$110.00 to C$115.00 in a research note on Friday, May 8th. Stifel Nicolaus set a C$117.00 price objective on Premium Brands and gave the company a “buy” rating in a report on Monday, July 20th. Ventum Capital raised their target price on Premium Brands from C$124.00 to C$128.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Scotia lifted their target price on Premium Brands from C$100.00 to C$110.00 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Premium Brands presently has a consensus rating of “Moderate Buy” and an average price target of C$116.25.

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Premium Brands Trading Up 3.3%

Premium Brands stock traded up C$2.65 during trading hours on Friday, hitting C$83.94. The stock had a trading volume of 285,706 shares, compared to its average volume of 169,553. The company has a quick ratio of 1.16, a current ratio of 1.28 and a debt-to-equity ratio of 163.05. The stock has a market cap of C$4.36 billion, a price-to-earnings ratio of 93.27, a P/E/G ratio of 1.10 and a beta of 0.90. Premium Brands has a one year low of C$80.24 and a one year high of C$106.79. The business’s 50 day simple moving average is C$88.40 and its 200-day simple moving average is C$90.89.

Premium Brands (TSE:PBH – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share for the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%.The company had revenue of C$2.38 billion for the quarter. On average, equities analysts predict that Premium Brands will post 6.039823 EPS for the current fiscal year.

Premium Brands Company Profile

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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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