Premium Brands (TSE:PBH) Given New C$129.00 Price Target at TD Securities

Premium Brands (TSE:PBH) had its price target raised by research analysts at TD Securities from C$125.00 to C$129.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 49.25% from the stock’s previous close.

A number of other analysts have also weighed in on PBH. CIBC increased their target price on Premium Brands from C$97.00 to C$103.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. BMO Capital Markets reduced their price target on shares of Premium Brands from C$115.00 to C$111.00 in a research note on Friday. Royal Bank of Canada lifted their price target on shares of Premium Brands from C$99.00 to C$101.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 14th. Pi Financial reaffirmed a “buy” rating and issued a C$112.00 price objective on shares of Premium Brands in a research note on Tuesday, April 16th. Finally, Desjardins increased their target price on Premium Brands from C$105.00 to C$106.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$112.30.

Premium Brands Trading Up 0.4 %

Shares of PBH traded up C$0.38 during midday trading on Monday, hitting C$86.43. The stock had a trading volume of 10,856 shares, compared to its average volume of 49,876. The stock’s 50 day moving average is C$91.58 and its 200 day moving average is C$90.43. The firm has a market cap of C$3.84 billion, a PE ratio of 40.55, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00. The company has a debt-to-equity ratio of 159.19, a current ratio of 2.02 and a quick ratio of 1.16. Premium Brands has a 1 year low of C$84.66 and a 1 year high of C$112.55.

Premium Brands (TSE:PBH) last announced its earnings results on Monday, May 13th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.56 by C($0.02). Premium Brands had a net margin of 1.50% and a return on equity of 5.37%. The business had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.45 billion. As a group, analysts forecast that Premium Brands will post 4.9137555 EPS for the current fiscal year.

About Premium Brands

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.