Premium Brands (TSE:PBH) Stock Gets Price Target Trim from Royal Bank Of Canada

Premium Brands (TSE:PBH) had its price target cut by Royal Bank Of Canada from C$120.00 to C$110.00 in a research report sent to investors on Tuesday,BayStreet reports. They currently have an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. National Bank Financial lowered their price target on shares of Premium Brands from C$98.00 to C$93.00 and set a “sector perform” rating for the company in a research report on Friday, October 23rd. Canaccord Genuity Group dropped their price target on shares of Premium Brands from C$123.00 to C$117.00 in a research note on Friday, August 7th. Ventum cut their price objective on shares of Premium Brands from C$128.00 to C$127.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Desjardins reduced their price objective on shares of Premium Brands from C$120.00 to C$110.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Stifel Nicolaus reduced their price objective on shares of Premium Brands from C$117.00 to C$105.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Premium Brands currently has a consensus rating of “Buy” and a consensus price target of C$115.25.

Premium Brands Price Performance

Premium Brands stock opened at C$74.80 on Tuesday. The business’s 50-day simple moving average is C$74.08 and its 200 day simple moving average is C$86.01. The company has a quick ratio of 1.16, a current ratio of 1.36 and a debt-to-equity ratio of 153.93. The stock has a market cap of C$3.89 billion, a price-to-earnings ratio of 45.61, a P/E/G ratio of 1.10 and a beta of 0.83. Premium Brands has a 12-month low of C$69.10 and a 12-month high of C$106.79.

Premium Brands (TSE:PBH) last announced its quarterly earnings data on Thursday, November 5th. The company reported C$1.38 earnings per share for the quarter. Premium Brands had a return on equity of 4.19% and a net margin of 1.01%. The firm had revenue of C$2.38 billion during the quarter. As a group, research analysts anticipate that Premium Brands will post 6.04 earnings per share for the current year.

About Premium Brands

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.