Stifel Nicolaus set a C$117.00 price target on Premium Brands (TSE:PBH – Free Report) in a research note released on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
A number of other research firms have also commented on PBH. Royal Bank Of Canada lifted 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. TD Securities decreased their price objective on shares of Premium Brands from C$160.00 to C$140.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Canadian Imperial Bank of Commerce lifted their target price on shares of Premium Brands from C$110.00 to C$115.00 in a report on Friday, May 8th. Ventum Capital boosted their target price on shares of 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 upped their price target on shares of Premium Brands from C$100.00 to C$110.00 and gave the company a “sector outperform” rating in a report on Friday, May 8th. Eleven equities research 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 stock currently has an average rating of “Moderate Buy” and an average target price of C$118.62.
View Our Latest Research Report on PBH
Premium Brands Stock Performance
Premium Brands (TSE:PBH – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.83 earnings per share for the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%.The business had revenue of C$2.05 billion for the quarter. As a group, equities research analysts forecast that Premium Brands will post 6.039823 earnings per share for the current fiscal 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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