Premium Brands (TSE:PBH) Stock Rating Upgraded by CIBC

Premium Brands (TSE:PBHGet Free Report) was upgraded by analysts at CIBC from a “neutral” rating to an “outperform” rating in a report issued on Monday,BayStreet.CA reports. The firm presently has a C$95.00 price target on the stock, up from their prior price target of C$90.00. CIBC’s price target would suggest a potential upside of 30.10% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. National Bankshares reduced 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. Ventum Financial boosted their target price on Premium Brands from C$109.00 to C$120.00 and gave the company a “buy” rating in a research note on Monday, March 24th. Desjardins cut their price target on shares of Premium Brands from C$95.00 to C$93.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Royal Bank of Canada upped their price objective 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. Finally, Raymond James set a C$100.00 target price on shares of Premium Brands and gave the company an “outperform” rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$103.40.

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Premium Brands Price Performance

PBH opened at C$73.02 on Monday. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. Premium Brands has a 1 year low of C$72.63 and a 1 year high of C$97.10. The firm has a market cap of C$3.25 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 1.10 and a beta of 0.98. The stock’s 50 day simple moving average is C$77.34 and its 200 day simple moving average is C$82.03.

About Premium Brands

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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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Analyst Recommendations for Premium Brands (TSE:PBH)

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