Premium Brands (TSE:PBH) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Premium Brands (TSE:PBH) had its price objective hoisted by equities research analysts at BMO Capital Markets from C$94.00 to C$100.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 21.42% from the stock’s current price.

PBH has been the subject of several other reports. Royal Bank of Canada boosted 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. Raymond James set a C$100.00 price target on shares of Premium Brands and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, National Bankshares dropped their target price on 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$102.90.

Premium Brands Trading Up 4.0 %

Shares of Premium Brands stock opened at C$82.36 on Monday. The company has a 50-day moving average of C$77.85 and a two-hundred day moving average of C$82.85. Premium Brands has a 12-month low of C$74.00 and a 12-month high of C$97.10. 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 stock has a market cap of C$3.67 billion, a PE ratio of 36.66, 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.