Premium Brands (TSE:PBH) Given New C$97.00 Price Target at Royal Bank of Canada

Premium Brands (TSE:PBH) had its target price increased by Royal Bank of Canada from C$96.00 to C$97.00 in a research note published on Thursday morning,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on PBH. Raymond James set a C$100.00 price objective on shares of Premium Brands and gave the company an “outperform” rating in a report on Thursday, December 19th. National Bankshares cut 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 report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$101.78.

Premium Brands Price Performance

TSE PBH opened at C$75.25 on Thursday. Premium Brands has a 12 month low of C$74.00 and a 12 month high of C$97.10. The stock has a market cap of C$3.35 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 1.10 and a beta of 0.98. The company’s 50 day moving average is C$77.75 and its two-hundred day moving average is C$83.03. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00.

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.