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

Premium Brands (TSE:PBH) had its price target reduced by equities research analysts at Desjardins from C$95.00 to C$93.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 12.92% from the company’s previous close.

A number of other research firms also recently issued reports on PBH. BMO Capital Markets lifted their price objective 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. 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. Royal Bank of Canada raised their price target 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. Finally, National Bankshares cut their target price 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 note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$102.90.

Premium Brands Trading Up 4.0 %

TSE PBH opened at C$82.36 on Monday. The stock has a 50-day simple moving average of C$77.85 and a 200 day simple moving average of C$82.85. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. The company has a market capitalization of C$3.67 billion, a PE ratio of 36.66, a P/E/G ratio of 1.10 and a beta of 0.98. Premium Brands has a 12 month low of C$74.00 and a 12 month high of C$97.10.

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.