Premium Brands (TSE:PBH) Price Target Raised to C$125.00

Premium Brands (TSE:PBH) had its target price upped by BMO Capital Markets from C$111.00 to C$125.00 in a research report report published on Thursday morning,BayStreet.CA reports.

A number of other brokerages have also weighed in on PBH. Royal Bank Of Canada lifted their price target on shares of Premium Brands from C$108.00 to C$118.00 in a report on Tuesday, November 4th. TD Securities lifted their target price on Premium Brands from C$145.00 to C$160.00 in a report on Thursday. Raymond James Financial boosted their price target on Premium Brands from C$115.00 to C$125.00 in a research report on Thursday. Scotiabank upgraded Premium Brands from a “hold” rating to an “outperform” rating and raised their price objective for the stock from C$99.00 to C$120.00 in a report on Thursday. Finally, Stifel Nicolaus boosted their target price on Premium Brands from C$106.00 to C$111.00 in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$121.64.

Premium Brands Stock Down 0.6%

Shares of TSE:PBH opened at C$100.90 on Thursday. Premium Brands has a 12-month low of C$72.57 and a 12-month high of C$103.89. The stock’s 50-day moving average price is C$95.62 and its two-hundred day moving average price is C$91.23. 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 firm has a market cap of C$4.51 billion, a price-to-earnings ratio of 68.64, a PEG ratio of 1.10 and a beta of 0.38.

Premium Brands (TSE:PBH) last announced its quarterly earnings data on Monday, November 10th. The company reported C$1.27 earnings per share for the quarter. Premium Brands had a net margin of 1.55% and a return on equity of 5.66%. The business had revenue of C$1.99 billion for the quarter. On average, research analysts forecast that Premium Brands will post 6.039823 EPS for the current year.

Trending Headlines about Premium Brands

Here are the key news stories impacting Premium Brands this week:

• Positive Sentiment: Multiple analysts raised price targets and ratings — TD moved its target to C$160, Raymond James and BMO to C$125, CIBC and Desjardins to C$120, Stifel to C$111, and Scotiabank upgraded to “outperform” (target C$120). Collectively these actions signal stronger sell?side conviction and imply roughly 9%–58% upside versus current levels, supporting positive sentiment. Analyst Coverage Roundup
• Neutral Sentiment: Premium Brands closed the over?allotment options related to its recent roughly $600M equity and convertible?debenture offerings. That completion shows investor demand and strengthens the company’s liquidity and funding for M&A or operations, but it also increases share count and convertible obligations — a mixed impact for EPS and future dilution. Over-Allotment Closing
• Neutral Sentiment: A recent valuation piece asks whether PBH is still undervalued after a roughly 34% one?year share gain — useful context for longer?term investors but unlikely to drive a sharp near?term move on its own. It highlights the debate between rising analyst targets and the stock’s rich multiple. Valuation Article

Premium Brands Company Profile

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. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company’s distribution and wholesale businesses; the Corporate segment includes the company’s head office activities along with its finance and information systems.