Ventum Financial Forecasts Strong Price Appreciation for Premium Brands (TSE:PBH) Stock

Premium Brands (TSE:PBH) had its price objective raised by Ventum Financial from C$109.00 to C$120.00 in a report published on Monday morning,BayStreet.CA reports. Ventum Financial currently has a buy rating on the stock.

PBH has been the topic of several other reports. National Bankshares lowered their price target on shares of 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. Royal Bank of Canada lifted their price target on Premium Brands from C$96.00 to C$97.00 and gave the stock an “outperform” rating in a report on Thursday, March 20th. Raymond James set a C$100.00 price target on Premium Brands and gave the company an “outperform” rating in a research note on Thursday, December 19th. Desjardins lowered their price objective on Premium Brands from C$95.00 to C$93.00 and set a “buy” rating on the stock in a research report on Monday. Finally, BMO Capital Markets boosted their target price on shares of Premium Brands from C$94.00 to C$100.00 and gave the company an “outperform” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$102.90.

Premium Brands Price Performance

TSE:PBH opened at C$79.22 on Monday. The firm’s fifty day moving average price is C$77.77 and its two-hundred day moving average price 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 company has a market cap of C$3.53 billion, a P/E ratio of 35.27, a P/E/G ratio of 1.10 and a beta of 0.98. Premium Brands has a one year low of C$74.00 and a one year high of C$97.10.

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.