Premium Brands (TSE:PBH) Price Target Cut to C$93.00 by Analysts at Desjardins

Premium Brands (TSE:PBH) had its price objective cut by Desjardins from C$95.00 to C$93.00 in a report issued on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts have also commented on the company. Royal Bank of Canada increased their price objective on Premium Brands from C$96.00 to C$97.00 and gave the company an “outperform” rating in a report on Thursday, March 20th. Raymond James set a C$100.00 target price on shares of Premium Brands and gave the stock an “outperform” rating in a report on Thursday, December 19th. BMO Capital Markets upped their price target on shares of Premium Brands from C$94.00 to C$100.00 and gave the company an “outperform” rating in a report on Monday. Finally, National Bankshares dropped their price objective on Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$102.90.

Premium Brands Price Performance

PBH opened at C$79.22 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. Premium Brands has a 1 year low of C$74.00 and a 1 year high of C$97.10. The stock has a fifty day moving average price of C$77.77 and a 200 day moving average price of C$82.88. The stock has a market cap of C$3.53 billion, a price-to-earnings ratio of 35.27, a PEG 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.