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

Premium Brands (TSE:PBH) had its price target dropped by equities research analysts at Desjardins from C$95.00 to C$93.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 12.92% from the stock’s current price.

PBH has been the subject of a number of other reports. Royal Bank of Canada boosted their price objective on Premium Brands from C$96.00 to C$97.00 and gave the company an “outperform” rating in a research report on Thursday, March 20th. Raymond James set a C$100.00 target price on Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, December 19th. 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 report on Thursday, February 27th. Finally, BMO Capital Markets lifted their price objective on Premium Brands from C$94.00 to C$100.00 and gave the company an “outperform” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$102.90.

Premium Brands Trading Up 4.0 %

Shares of TSE:PBH opened at C$82.36 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00. Premium Brands has a 52-week low of C$74.00 and a 52-week high of C$97.10. The business has a 50-day moving average price of C$77.85 and a 200-day moving average price of C$82.85. The stock has a market cap of C$3.67 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 1.10 and a beta of 0.98.

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.