Premium Brands (TSE:PBH) Price Target Raised to C$106.00

Premium Brands (TSE:PBH) had its target price raised by research analysts at Stifel Nicolaus from C$101.00 to C$106.00 in a report issued on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 18.83% from the stock’s current price.

Several other research firms have also issued reports on PBH. Canaccord Genuity Group increased their target price on Premium Brands from C$100.00 to C$118.00 in a research note on Thursday, August 7th. BMO Capital Markets raised their target price on shares of Premium Brands from C$94.00 to C$109.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. TD Securities raised their price objective on Premium Brands from C$140.00 to C$145.00 and gave the stock a “buy” rating in a report on Monday, October 27th. National Bankshares increased their price objective on shares of Premium Brands from C$99.00 to C$101.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Finally, Raymond James Financial lifted their price target on shares of Premium Brands from C$100.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$113.73.

Premium Brands Price Performance

Shares of TSE:PBH traded up C$0.31 during midday trading on Tuesday, reaching C$89.20. 83,923 shares of the company’s stock traded hands, compared to its average volume of 103,062. The company has a fifty day simple moving average of C$94.50 and a two-hundred day simple moving average of C$88.24. 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 has a market cap of C$3.98 billion, a P/E ratio of 42.88, a PEG ratio of 1.10 and a beta of 0.40. Premium Brands has a 1 year low of C$72.57 and a 1 year high of C$99.90.

About Premium Brands

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company’s business segments include Specialty Foods, Premium Food Distribution, and Corporate.