Premium Brands (TSE:PBH – Get Free Report) 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.
View Our Latest Stock Analysis on PBH
Premium Brands Price Performance
Premium Brands (TSE:PBH – Get Free Report) 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.
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