CIBC Analysts Give Premium Brands (TSE:PBH) a C$116.00 Price Target

Premium Brands (TSE:PBH) has been assigned a C$116.00 price objective by investment analysts at CIBC in a note issued to investors on Thursday, January 18th. The firm currently has an “outperform” rating on the stock. CIBC’s price objective indicates a potential upside of 9.59% from the stock’s current price.

Several other research firms have also recently weighed in on PBH. Royal Bank of Canada boosted their target price on Premium Brands from C$111.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Thursday, November 23rd. BMO Capital Markets upgraded Premium Brands from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$106.00 to C$107.00 in a research note on Wednesday, November 15th. TD Securities boosted their price objective on Premium Brands from C$120.00 to C$125.00 and gave the company an “action list buy” rating in a research note on Thursday, November 23rd. Scotiabank boosted their price objective on Premium Brands from C$96.00 to C$97.50 and gave the company a “sector perform” rating in a research note on Thursday, November 23rd. Finally, Pi Financial upped their price target on Premium Brands from C$112.00 to C$115.00 and gave the stock a “buy” rating in a research note on Thursday, November 23rd. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$109.19.

Shares of Premium Brands (TSE:PBH) traded up C$1.42 on Thursday, reaching C$105.85. 82,585 shares of the company traded hands, compared to its average volume of 73,617. The stock has a market cap of $3,230.00, a price-to-earnings ratio of 38.08 and a beta of 0.42. Premium Brands has a 12-month low of C$69.07 and a 12-month high of C$110.28.

Premium Brands (TSE:PBH) last released its earnings results on Tuesday, November 14th. The company reported C$0.78 earnings per share for the quarter, missing the consensus estimate of C$0.93 by C($0.15). The firm had revenue of C$557.60 million during the quarter, compared to analyst estimates of C$581.95 million. Premium Brands had a net margin of 3.82% and a return on equity of 19.68%.

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Premium Brands Company Profile

Premium Brands Holdings Corp is a Canada-based company that, through its subsidiaries, owns a range of specialty food manufacturing and food distribution businesses. The Company’s segments include Specialty Foods and Premium Food Distribution. Its family of brands and businesses include Conte Foods, Larosa Foods, McSweeney’s, Direct Plus, OvenPride and Island City Baking.

Analyst Recommendations for Premium Brands (TSE:PBH)

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