Desjardins Lowers Premium Brands (TSE:PBH) Price Target to C$93.00

Premium Brands (TSE:PBH) had its price target decreased by equities researchers at Desjardins from C$95.00 to C$93.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 17.17% from the company’s current price.

Several other brokerages also recently issued reports on PBH. 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 research report on Thursday. National Bankshares dropped their target price on shares of Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Raymond James set a C$100.00 price objective on shares of Premium Brands and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, BMO Capital Markets boosted their price target on Premium Brands from C$94.00 to C$100.00 and gave the company an “outperform” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Premium Brands presently has an average rating of “Moderate Buy” and a consensus price target of C$102.90.

Premium Brands Stock Up 0.8 %

Shares of TSE PBH traded up C$0.65 during mid-day trading on Monday, reaching C$79.37. 161,622 shares of the company traded hands, compared to its average volume of 86,984. The stock has a market cap of C$3.54 billion, a PE ratio of 35.33, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51. The company’s fifty day moving average is C$77.76 and its two-hundred day moving average is C$82.94. Premium Brands has a fifty-two week low of C$74.00 and a fifty-two week 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.