CIBC Lowers Premium Brands (PBH) Price Target to C$72.00

Premium Brands (TSE:PBH) had its price target trimmed by CIBC from C$82.00 to C$72.00 in a report issued on Friday.

Other analysts also recently issued research reports about the stock. BMO Capital Markets cut their price target on shares of Premium Brands from C$92.00 to C$86.00 in a report on Friday. Industrial Alliance Securities reaffirmed a buy rating and set a C$95.00 price target on shares of Premium Brands in a report on Monday, January 28th. National Bank Financial reaffirmed an outperform rating and set a C$95.00 price target on shares of Premium Brands in a report on Friday, January 18th. TD Securities cut their price target on shares of Premium Brands from C$95.00 to C$94.00 and set a buy rating for the company in a report on Friday. Finally, Desjardins cut shares of Premium Brands from a buy rating to a hold rating in a research report on Tuesday, February 12th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of C$94.75.

Shares of Premium Brands stock opened at C$73.79 on Friday. Premium Brands has a 1-year low of C$66.99 and a 1-year high of C$122.77. The company has a quick ratio of 0.84, a current ratio of 1.71 and a debt-to-equity ratio of 137.55. The company has a market cap of $2.49 billion and a PE ratio of 24.43.



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 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, sandwiches, pastries, specialty and gourmet products, salads and kettle, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.

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Analyst Recommendations for Premium Brands (TSE:PBH)

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