Stifel Nicolaus Reiterates C$117.00 Price Target for Premium Brands (TSE:PBH)

Premium Brands (TSE:PBH) has been assigned a C$117.00 price objective by Stifel Nicolaus in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 28.81% from the stock’s current price.

PBH has been the subject of a number of other reports. Royal Bank Of Canada boosted their target price on shares of Premium Brands from C$129.00 to C$131.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Ventum Financial set a C$124.00 price objective on shares of Premium Brands and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Scotia increased their target price on shares of Premium Brands from C$100.00 to C$110.00 and gave the company a “sector outperform” rating in a research report on Friday, May 8th. TD Securities lowered their target price on shares of Premium Brands from C$160.00 to C$140.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Finally, Ventum Capital lifted their price target on shares of Premium Brands from C$124.00 to C$128.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$118.62.

Premium Brands Stock Up 1.0%

Shares of TSE PBH traded up C$0.90 during midday trading on Monday, reaching C$90.83. 50,207 shares of the company’s stock traded hands, compared to its average volume of 156,312. The company has a market cap of C$4.72 billion, a price-to-earnings ratio of 100.92, a P/E/G ratio of 1.10 and a beta of 0.90. The stock’s 50 day simple moving average is C$87.78 and its 200-day simple moving average is C$91.83. The company has a quick ratio of 1.16, a current ratio of 1.28 and a debt-to-equity ratio of 163.05. Premium Brands has a one year low of C$80.90 and a one year high of C$106.79.

Premium Brands (TSE:PBH) last posted its earnings results on Thursday, May 7th. The company reported C$0.83 earnings per share for the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%.The company had revenue of C$2.05 billion during the quarter. On average, analysts predict that Premium Brands will post 6.039823 EPS 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.