Premium Brands (PBH) Given New C$96.00 Price Target at Royal Bank of Canada

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Premium Brands (TSE:PBH) had its price objective decreased by analysts at Royal Bank of Canada from C$97.00 to C$96.00 in a report released on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s price objective indicates a potential upside of 23.90% from the stock’s previous close.

Several other analysts also recently commented on the stock. Desjardins downgraded shares of Premium Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Industrial Alliance Securities reissued a “buy” rating and set a C$95.00 price objective on shares of Premium Brands in a research report on Monday, January 28th. BMO Capital Markets cut their price objective on shares of Premium Brands from C$92.00 to C$86.00 in a research report on Friday, March 15th. National Bank Financial reissued an “outperform” rating and set a C$95.00 price objective on shares of Premium Brands in a research report on Friday, January 18th. Finally, CIBC cut their price objective on shares of Premium Brands from C$82.00 to C$72.00 in a research report on Friday, March 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Premium Brands has a consensus rating of “Buy” and a consensus price target of C$95.00.

TSE:PBH opened at C$77.48 on Tuesday. The stock has a market capitalization of $2.65 billion and a PE ratio of 25.66. The company has a current ratio of 1.71, a quick ratio of 0.84 and a debt-to-equity ratio of 137.55. Premium Brands has a 1-year low of C$66.99 and a 1-year high of C$121.69.

Premium Brands (TSE:PBH) last released its earnings results on Thursday, March 14th. The company reported C$0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.78 by C$0.04. The business had revenue of C$843.90 million during the quarter, compared to analysts’ expectations of C$829.50 million. On average, analysts forecast that Premium Brands will post 4.97999995535348 EPS for the current fiscal year.

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 meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, and baking and sushi products.

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Analyst Recommendations for Premium Brands (TSE:PBH)

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