Premium Brands (TSE:PBH) Price Target Lowered to C$93.00 at Desjardins

Premium Brands (TSE:PBH) had its price target lowered by Desjardins from C$95.00 to C$93.00 in a report published on Monday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. National Bankshares reduced their price objective on shares of Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. BMO Capital Markets boosted their target price on Premium Brands from C$94.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Monday. Royal Bank of Canada boosted their price target on shares of Premium Brands from C$96.00 to C$97.00 and gave the stock an “outperform” rating in a research note on Thursday, March 20th. Finally, Raymond James set a C$100.00 target price on shares of Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$102.90.

Premium Brands Stock Down 3.7 %

PBH stock opened at C$79.34 on Monday. Premium Brands has a fifty-two week low of C$74.00 and a fifty-two week high of C$97.10. The stock has a fifty day moving average of C$77.87 and a 200-day moving average of C$82.80. The company has a market capitalization of C$3.54 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51.

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.