Premium Brands (TSE:PBH) Price Target Raised to C$91.00 at Scotiabank

Premium Brands (TSE:PBH) had its target price boosted by Scotiabank from C$88.00 to C$91.00 in a research note released on Thursday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

PBH has been the subject of a number of other reports. Ventum Financial lifted their price target on Premium Brands from C$109.00 to C$120.00 and gave the company a “buy” rating in a report on Monday, March 24th. Desjardins dropped their price objective on Premium Brands from C$95.00 to C$93.00 and set a “buy” rating for the company in a report on Monday, March 24th. National Bankshares boosted their price target on shares of Premium Brands from C$96.00 to C$97.00 and gave the stock a “sector perform” rating in a research note on Thursday. CIBC raised shares of Premium Brands from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$90.00 to C$95.00 in a report on Monday, April 7th. Finally, Cibc World Mkts raised Premium Brands from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Premium Brands presently has an average rating of “Moderate Buy” and an average price target of C$101.40.

Premium Brands Stock Performance

Premium Brands stock opened at C$82.11 on Thursday. The firm has a market capitalization of C$3.66 billion, a P/E ratio of 36.55, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. Premium Brands has a 52-week low of C$72.57 and a 52-week high of C$97.10. The stock has a fifty day moving average price of C$77.43 and a two-hundred day moving average price of C$79.29.

Premium Brands Company Profile

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.