Premium Brands (TSE:PBH) Price Target Lowered to C$94.00 at BMO Capital Markets

Premium Brands (TSE:PBH) had its price objective dropped by BMO Capital Markets from C$111.00 to C$94.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 21.60% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on PBH. National Bankshares lifted their price target on shares of Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Royal Bank of Canada lowered their target price on shares of Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Finally, TD Securities raised their price target on shares of Premium Brands from C$125.00 to C$129.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$108.30.

Premium Brands Stock Performance

Shares of Premium Brands stock traded down C$0.91 during midday trading on Thursday, hitting C$77.30. The company had a trading volume of 118,929 shares, compared to its average volume of 51,194. The stock has a market cap of C$3.43 billion, a PE ratio of 30.43, a P/E/G ratio of 1.10 and a beta of 0.98. Premium Brands has a 1-year low of C$75.67 and a 1-year high of C$97.28. The business’s 50 day simple moving average is C$91.17 and its two-hundred day simple moving average is C$90.54. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16.

Premium Brands (TSE:PBH) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.36 by C($0.25). Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. During the same period in the prior year, the business earned $1.27 EPS. As a group, equities analysts predict that Premium Brands will post 6.039823 EPS for the current fiscal year.

Insiders Place Their Bets

In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total value of C$604,100.00. Insiders own 2.01% of the company’s stock.

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.