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

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Desjardins upgraded shares of Premium Brands (TSE:PBH) from a hold rating to a buy rating in a research note published on Wednesday, BayStreet.CA reports. They currently have C$103.00 price objective on the stock, up from their previous price objective of C$83.00. Desjardins also issued estimates for Premium Brands’ Q2 2019 earnings at $0.72 EPS, Q3 2019 earnings at $1.07 EPS, Q4 2019 earnings at $1.07 EPS, FY2019 earnings at $3.43 EPS and FY2020 earnings at $4.09 EPS.

Several other equities research analysts have also commented on PBH. TD Securities boosted their price objective on shares of Premium Brands from C$93.00 to C$96.00 and gave the stock a buy rating in a research note on Wednesday, May 22nd. Royal Bank of Canada reissued an outperform rating on shares of in a research note on Tuesday, June 25th. CIBC assumed coverage on shares of Zoom Video Communications in a report on Friday, May 24th. They issued a market perform rating for the company. National Bank Financial decreased their target price on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a report on Tuesday, June 25th. Finally, BMO Capital Markets decreased their target price on shares of Premium Brands from C$92.00 to C$86.00 in a report on Friday, March 15th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of C$95.89.

TSE:PBH opened at C$94.04 on Wednesday. Premium Brands has a one year low of C$66.99 and a one year high of C$114.48. The company has a debt-to-equity ratio of 187.13, a current ratio of 1.70 and a quick ratio of 0.73. The business’s 50-day simple moving average is C$88.27. The company has a market capitalization of $3.49 billion and a price-to-earnings ratio of 32.88.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Monday, May 13th. The company reported C$0.52 EPS for the quarter, topping the consensus estimate of C$0.47 by C$0.05. The business had revenue of C$776.60 million for the quarter, compared to the consensus estimate of C$801.50 million. As a group, analysts anticipate that Premium Brands will post 4.6800001 earnings per share for the current year.

In other news, Senior Officer Douglas Owen Goss bought 560 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was acquired at an average cost of C$85.54 per share, with a total value of C$47,902.40. Following the completion of the acquisition, the insider now owns 33,541 shares of the company’s stock, valued at C$2,869,097.14.

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 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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