Premium Brands (TSE:PBH – Get Free Report) had its target price increased by equities researchers at National Bankshares from C$101.00 to C$109.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 19.20% from the stock’s previous close.
PBH has been the subject of a number of other research reports. BMO Capital Markets dropped their price target on Premium Brands from C$115.00 to C$111.00 in a research note on Friday, August 9th. Royal Bank of Canada reduced their price target 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 report on Monday, August 12th. Finally, TD Securities raised their target price on Premium Brands from C$125.00 to C$129.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Premium Brands currently has a consensus rating of “Moderate Buy” and an average target price of C$113.10.
Read Our Latest Research Report on PBH
Premium Brands Trading Down 0.6 %
Premium Brands (TSE:PBH – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported C$1.28 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.04). The firm had revenue of C$1.70 billion for the quarter, compared to analysts’ expectations of C$1.70 billion. Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. As a group, analysts forecast that Premium Brands will post 6.039823 EPS for the current year.
Insiders Place Their Bets
In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total transaction of C$604,100.00. Corporate 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.
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