Premium Brands (TSE:PBH – Get Free Report) had its target price hoisted by equities researchers at National Bankshares from C$109.00 to C$110.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 23.73% from the stock’s current price.
A number of other analysts also recently commented on PBH. CIBC lowered their target price on Premium Brands from C$102.00 to C$97.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Royal Bank of Canada lowered their price target on Premium Brands from C$103.00 to C$99.00 and set a “sector perform” rating on the stock in a research report on Monday, March 18th. TD Securities lowered their price target on Premium Brands from C$130.00 to C$120.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. BMO Capital Markets lowered their price target on Premium Brands from C$117.00 to C$115.00 and set an “outperform” rating on the stock in a research report on Monday, March 18th. Finally, Desjardins lowered their price target on Premium Brands from C$110.00 to C$105.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$111.70.
Check Out Our Latest Stock Analysis on PBH
Premium Brands Stock Down 1.4 %
Premium Brands (TSE:PBH – Get Free Report) last issued its earnings results on Friday, March 15th. The company reported C$0.85 EPS for the quarter, missing analysts’ consensus estimates of C$1.13 by C($0.28). Premium Brands had a return on equity of 5.26% and a net margin of 1.50%. The company had revenue of C$1.55 billion during the quarter, compared to analysts’ expectations of C$1.61 billion. Equities analysts anticipate that Premium Brands will post 4.8440524 EPS for the current year.
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.
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