Royal Bank of Canada Raises Premium Brands (TSE:PBH) Price Target to C$97.00

Premium Brands (TSE:PBH) had its price target hoisted by equities research analysts at Royal Bank of Canada from C$96.00 to C$97.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 23.22% from the company’s current price.

Several other equities research analysts have also recently issued reports on the company. National Bankshares reduced their target price on Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Raymond James set a C$100.00 price target on Premium Brands and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$101.78.

Premium Brands Stock Performance

PBH stock opened at C$78.72 on Thursday. The company has a market cap of C$3.51 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. Premium Brands has a 1 year low of C$74.00 and a 1 year high of C$97.10. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. The stock’s fifty day moving average price is C$77.76 and its 200-day moving average price is C$83.00.

Premium Brands Company Profile

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.