BMO Capital Markets Issues Positive Forecast for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH) had its target price lifted by BMO Capital Markets from C$94.00 to C$100.00 in a research note released on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

PBH has been the topic of a number of other research reports. Raymond James set a C$100.00 price objective on shares of Premium Brands and gave the company an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada boosted their price objective on shares of Premium Brands from C$96.00 to C$97.00 and gave the stock an “outperform” rating in a report on Thursday, March 20th. Finally, National Bankshares decreased their price objective on shares of Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$102.90.

Premium Brands Trading Up 0.6 %

TSE:PBH opened at C$79.22 on Monday. Premium Brands has a 12 month low of C$74.00 and a 12 month high of C$97.10. The business’s 50-day moving average is C$77.77 and its two-hundred day moving average is C$82.88. 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 firm has a market capitalization of C$3.53 billion, a PE ratio of 35.27, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

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.