Royal Bank of Canada Has Lowered Expectations for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH) had its target price cut by equities research analysts at Royal Bank of Canada from C$100.00 to C$96.00 in a research report issued on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price target would suggest a potential upside of 25.41% from the company’s current price.

Other research analysts also recently issued research reports about the company. BMO Capital Markets reduced their target price on Premium Brands from C$111.00 to C$94.00 in a report on Thursday. Stifel Nicolaus cut their price objective on shares of Premium Brands from C$106.00 to C$101.00 in a research note on Thursday. National Bankshares boosted their price objective on Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Finally, TD Securities dropped their price target on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$108.30.

Premium Brands Stock Performance

TSE:PBH opened at C$76.55 on Thursday. The firm has a market cap of C$3.40 billion, a PE ratio of 30.14, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16. Premium Brands has a 1-year low of C$75.67 and a 1-year high of C$97.28. The firm has a 50 day simple moving average of C$90.94 and a 200-day simple moving average of C$90.48.

Premium Brands (TSE:PBH) last issued its earnings results on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, missing analysts’ consensus estimates of C$1.36 by C($0.25). Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. During the same quarter in the previous year, the company posted $1.27 earnings per share. On average, equities analysts expect that Premium Brands will post 6.039823 EPS for the current year.

Insider Activity

In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of Premium Brands stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total transaction of C$604,100.00. In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total transaction of C$604,100.00. Also, Director Johnny Ciampi purchased 3,500 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of C$77.02 per share, for a total transaction of C$269,570.00. Corporate 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.