Premium Brands (TSE:PBH) had its price objective lifted by TD Securities from C$96.00 to C$110.00 in a research report released on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
PBH has been the topic of several other reports. National Bank Financial upped their price objective on shares of Premium Brands from C$96.00 to C$101.00 in a research note on Tuesday, June 25th. Cormark increased their price target on shares of Premium Brands from C$91.00 to C$97.00 in a research note on Wednesday, May 22nd. Desjardins raised shares of Premium Brands from a hold rating to a buy rating and increased their price target for the company from C$83.00 to C$103.00 in a research note on Wednesday, July 10th. CIBC increased their price target on shares of Premium Brands from C$84.00 to C$94.00 in a research note on Thursday, August 8th. Finally, Royal Bank of Canada decreased their price target on shares of Premium Brands from C$103.00 to C$102.00 and set an outperform rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Premium Brands presently has an average rating of Buy and a consensus target price of C$99.67.
Premium Brands stock traded down C$1.42 during trading hours on Wednesday, hitting C$92.12. 5,575 shares of the stock were exchanged, compared to its average volume of 114,038. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 187.13. The stock has a market capitalization of $3.47 billion and a PE ratio of 32.70. Premium Brands has a 12 month low of C$66.99 and a 12 month high of C$103.57. The stock has a 50-day moving average of C$93.77.
In other Premium Brands news, Senior Officer Douglas Owen Goss acquired 560 shares of Premium Brands stock in a transaction on Thursday, May 23rd. The shares were purchased at an average cost of C$85.54 per share, with a total value of C$47,902.40. Following the completion of the purchase, the insider now owns 33,541 shares in the company, 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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