National Bankshares Raises Premium Brands (TSE:PBH) Price Target to C$109.00

Premium Brands (TSE:PBH) had its price objective hoisted by analysts at National Bankshares from C$101.00 to C$109.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price suggests a potential upside of 17.63% from the stock’s current price.

PBH has been the subject of a number of other reports. Royal Bank of Canada dropped their price target on shares of Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. TD Securities upped their target price on shares of Premium Brands from C$125.00 to C$129.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, BMO Capital Markets decreased their price target on Premium Brands from C$115.00 to C$111.00 in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$113.10.

Premium Brands Price Performance

TSE PBH opened at C$92.66 on Thursday. The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56. The business’s fifty day moving average is C$91.31 and its 200 day moving average is C$90.60. The company has a market capitalization of C$4.12 billion, a PE ratio of 36.48, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. Premium Brands has a fifty-two week low of C$84.66 and a fifty-two week high of C$97.28.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$1.28 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.04). The company had revenue of C$1.70 billion for the quarter, compared to analysts’ expectations of C$1.70 billion. Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. Sell-side analysts predict that Premium Brands will post 6.039823 earnings per share for the current year.

Insiders Place Their Bets

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total value of C$604,100.00. Corporate insiders own 2.01% of the company’s stock.

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.