Premium Brands (TSE:PBH) PT Raised to C$109.00 at National Bankshares

Premium Brands (TSE:PBH) had its target price hoisted by analysts at National Bankshares from C$101.00 to C$109.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price target suggests a potential upside of 17.63% from the company’s current price.

A number of other analysts have also weighed in on the stock. Royal Bank of Canada reduced their price objective on shares of Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. TD Securities raised their price target on shares of Premium Brands from C$125.00 to C$129.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets lowered their price objective on Premium Brands from C$115.00 to C$111.00 in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$113.10.

Premium Brands Stock Performance

Premium Brands stock opened at C$92.66 on Thursday. Premium Brands has a twelve month low of C$84.66 and a twelve month high of C$97.28. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28. The company has a market capitalization of C$4.12 billion, a P/E ratio of 36.48, a PEG ratio of 1.10 and a beta of 0.98. The stock’s 50 day moving average is C$91.31 and its 200 day moving average is C$90.60.

Premium Brands (TSE:PBH) last released its earnings results on Thursday, August 8th. The company reported C$1.28 EPS for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.04). The company had revenue of C$1.70 billion during the quarter, compared to analysts’ expectations of C$1.70 billion. Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. On average, equities research analysts predict that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Insider Buying and Selling at Premium Brands

In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total value of C$604,100.00. Company insiders own 2.01% of the company’s stock.

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 processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.