Premium Brands (TSE:PBH) Price Target Raised to C$118.00

Premium Brands (TSE:PBH) had its price target hoisted by Royal Bank Of Canada from C$108.00 to C$118.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

Several other research firms have also recently commented on PBH. Raymond James Financial boosted their price target on Premium Brands from C$100.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. BMO Capital Markets boosted their target price on Premium Brands from C$94.00 to C$109.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Scotiabank boosted their target price on Premium Brands from C$100.00 to C$103.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 8th. National Bankshares increased their price target on shares of Premium Brands from C$99.00 to C$101.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Finally, Canaccord Genuity Group lifted their price objective on shares of Premium Brands from C$100.00 to C$118.00 in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$114.00.

Premium Brands Trading Down 2.3%

PBH stock opened at C$92.80 on Tuesday. Premium Brands has a 52 week low of C$72.57 and a 52 week high of C$99.90. The business has a fifty day simple moving average of C$94.64 and a 200-day simple moving average of C$87.91. The company has a market cap of C$4.15 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 1.10 and a beta of 0.40. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00.

About Premium Brands

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.