BMO Capital Markets Raises Premium Brands (PBH) Price Target to C$134.00

Premium Brands (TSE:PBH) had its price objective increased by BMO Capital Markets from C$118.00 to C$134.00 in a research note issued to investors on Wednesday morning. The firm currently has an outperform rating on the stock.

PBH has been the subject of a number of other research reports. National Bank Financial boosted their price objective on shares of Premium Brands from C$115.00 to C$125.00 and gave the company an outperform rating in a research report on Friday, March 16th. TD Securities boosted their price objective on shares of Premium Brands from C$125.00 to C$140.00 and gave the company an action list buy rating in a research report on Wednesday. CIBC set a C$116.00 price objective on shares of Premium Brands and gave the company an outperform rating in a research report on Thursday, January 18th. Finally, Royal Bank of Canada lowered their price objective on shares of Premium Brands from C$120.00 to C$119.00 and set an outperform rating for the company in a research report on Monday, February 26th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of C$126.43.

Shares of TSE:PBH opened at C$120.85 on Wednesday. Premium Brands has a fifty-two week low of C$82.16 and a fifty-two week high of C$121.15.



Premium Brands (TSE:PBH) last announced its quarterly earnings data on Thursday, March 15th. The company reported C$0.61 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.86 by C($0.25). Premium Brands had a net margin of 3.82% and a return on equity of 19.68%. The business had revenue of C$585.40 million for the quarter, compared to the consensus estimate of C$611.90 million.

In other Premium Brands news, Director Stephen Sposari sold 5,800 shares of the company’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of C$110.77, for a total value of C$642,466.00.

WARNING: “BMO Capital Markets Raises Premium Brands (PBH) Price Target to C$134.00” was posted by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://dakotafinancialnews.com/2018/04/14/bmo-capital-markets-raises-premium-brands-pbh-price-target-to-c134-00.html.

About Premium Brands

Premium Brands Holdings Corporation manufactures and distributes food products in Canada and the United States. It operates through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal products, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini products, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.

Analyst Recommendations for Premium Brands (TSE:PBH)

Receive News & Ratings for Premium Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premium Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply