National Bankshares Lowers Premium Brands (TSE:PBH) Price Target to C$96.00

Premium Brands (TSE:PBH) had its price target decreased by stock analysts at National Bankshares from C$99.00 to C$96.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 23.52% from the stock’s current price.

A number of other analysts have also weighed in on PBH. TD Securities reduced their price objective on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Royal Bank of Canada reduced their target price on shares of Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. Stifel Nicolaus reduced their target price on shares of Premium Brands from C$106.00 to C$101.00 in a research report on Thursday, November 7th. Raymond James set a C$100.00 target price on shares of Premium Brands and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, BMO Capital Markets reduced their target price on shares of Premium Brands from C$111.00 to C$94.00 in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Premium Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of C$101.67.

Premium Brands Stock Performance

Premium Brands stock opened at C$77.72 on Thursday. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. Premium Brands has a 1-year low of C$74.00 and a 1-year high of C$97.10. The firm has a market capitalization of C$3.46 billion, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company’s 50-day moving average is C$78.37 and its 200 day moving average is C$84.02.

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.