Premium Brands (TSE:PBH) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Premium Brands (TSE:PBH) had its target price hoisted by BMO Capital Markets from C$94.00 to C$100.00 in a research report released on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on PBH. Royal Bank of Canada raised their target price on shares of Premium Brands from C$96.00 to C$97.00 and gave the stock an “outperform” rating in a report on Thursday, March 20th. National Bankshares cut their price target on Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Finally, Raymond James set a C$100.00 price objective on Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$102.90.

Premium Brands Stock Up 0.6 %

Shares of TSE:PBH opened at C$79.22 on Monday. Premium Brands has a 1-year low of C$74.00 and a 1-year high of C$97.10. The company’s fifty day moving average is C$77.77 and its two-hundred day moving average is C$82.88. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51. The stock has a market capitalization of C$3.53 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

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.