Premium Brands (TSE:PBH) had its target price lowered by equities researchers at TD Securities from C$95.00 to C$94.00 in a research report issued on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 27.39% from the company’s previous close.
PBH has been the subject of several other research reports. Industrial Alliance Securities reiterated a “buy” rating and set a C$95.00 target price on shares of Premium Brands in a research note on Monday, January 28th. CIBC lowered shares of Premium Brands from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$126.00 to C$82.00 in a research note on Monday, November 19th. Desjardins lowered shares of Premium Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Finally, National Bank Financial reiterated an “outperform” rating and set a C$95.00 target price on shares of Premium Brands in a research note on Friday, January 18th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$94.75.
PBH stock opened at C$73.79 on Friday. The company has a debt-to-equity ratio of 136.58, a current ratio of 1.92 and a quick ratio of 0.95. Premium Brands has a 1-year low of C$66.99 and a 1-year high of C$122.77. The firm has a market cap of $2.49 billion and a price-to-earnings ratio of 24.00.
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 through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.
Recommended Story: What is a Reverse Stock Split?
Receive News & Ratings for Premium Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premium Brands and related companies with MarketBeat.com's FREE daily email newsletter.