Premium Brands (TSE:PBH) Raised to Strong-Buy at Ventum Financial

Premium Brands (TSE:PBH) was upgraded by equities research analysts at Ventum Financial to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also commented on PBH. National Bank Financial decreased their price objective on Premium Brands from C$115.00 to C$108.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Canadian Imperial Bank of Commerce reduced their price target on Premium Brands from C$120.00 to C$110.00 in a report on Friday, March 20th. Desjardins set a C$120.00 price target on Premium Brands and gave the company a “buy” rating in a report on Friday, March 20th. BMO Capital Markets reduced their price target on Premium Brands from C$125.00 to C$116.00 in a report on Friday, March 20th. Finally, TD Securities reduced their price target on Premium Brands from C$160.00 to C$140.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$115.60.

Premium Brands Trading Down 0.4%

Shares of TSE PBH opened at C$84.36 on Tuesday. Premium Brands has a one year low of C$74.22 and a one year high of C$106.79. The firm has a market capitalization of C$4.39 billion, a PE ratio of 93.73, a PEG ratio of 1.10 and a beta of 0.86. The company has a current ratio of 1.23, a quick ratio of 1.16 and a debt-to-equity ratio of 206.42. The business has a 50-day moving average price of C$93.18 and a two-hundred day moving average price of C$95.67.

Premium Brands (TSE:PBH) last announced its quarterly earnings data on Thursday, March 19th. The company reported C$1.29 EPS for the quarter. Premium Brands had a return on equity of 2.38% and a net margin of 0.54%.The firm had revenue of C$1.90 billion during the quarter. As a group, analysts predict that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

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. 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.