Royal Bank of Canada Cuts Premium Brands (PBH) Price Target to C$96.00

Premium Brands (TSE:PBH) had its price target trimmed by Royal Bank of Canada from C$97.00 to C$96.00 in a research note published on Tuesday, BayStreet.CA reports.

PBH has been the subject of a number of other reports. BMO Capital Markets reduced their price objective on shares of Premium Brands from C$92.00 to C$86.00 in a research report on Friday, March 15th. Industrial Alliance Securities restated a buy rating and set a C$95.00 price objective on shares of Premium Brands in a research report on Monday, January 28th. Desjardins cut shares of Premium Brands from a buy rating to a hold rating in a research report on Tuesday, February 12th. TD Securities reduced their price objective on shares of Premium Brands from C$95.00 to C$94.00 and set a buy rating for the company in a research report on Friday, March 15th. Finally, National Bank Financial restated an outperform rating and set a C$95.00 price objective on shares of Premium Brands in a research report on Friday, January 18th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of C$91.57.

TSE:PBH opened at C$78.08 on Tuesday. 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 firm has a market cap of $2.65 billion and a price-to-earnings ratio of 25.85. Premium Brands has a fifty-two week low of C$66.99 and a fifty-two week high of C$118.52.



Premium Brands (TSE:PBH) last posted its quarterly earnings data 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 company had revenue of C$843.90 million for the quarter, compared to analyst estimates of C$829.50 million. As a group, equities research analysts predict that Premium Brands will post 4.97999995535348 EPS for the current year.

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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