CIBC Boosts Premium Brands (TSE:PBH) Price Target to C$127.00

Premium Brands (TSE:PBH) had its price objective increased by stock analysts at CIBC from C$120.00 to C$127.00 in a research report issued on Thursday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price objective indicates a potential downside of 0.59% from the company’s previous close.

PBH has been the topic of several other reports. Scotiabank boosted their price target on shares of Premium Brands from C$135.00 to C$137.00 in a research report on Tuesday, April 13th. National Bank Financial boosted their price target on shares of Premium Brands to C$136.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, National Bankshares boosted their price target on shares of Premium Brands from C$134.00 to C$136.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Premium Brands currently has a consensus rating of “Buy” and an average price target of C$132.00.

Shares of TSE PBH traded down C$0.84 during midday trading on Thursday, reaching C$127.75. 27,195 shares of the company traded hands, compared to its average volume of 55,273. Premium Brands has a 52 week low of C$89.59 and a 52 week high of C$128.74. The stock’s 50-day moving average is C$124.29. The company has a current ratio of 2.19, a quick ratio of 1.16 and a debt-to-equity ratio of 120.56. The firm has a market capitalization of C$5.56 billion and a P/E ratio of 56.74.

Premium Brands (TSE:PBH) last issued its quarterly earnings data on Thursday, May 6th. The company reported C$0.72 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.65 by C$0.07. The company had revenue of C$1.01 billion for the quarter, compared to the consensus estimate of C$992.83 million. As a group, equities analysts anticipate that Premium Brands will post 5.2800006 earnings per share for the current fiscal 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, entrees, panini, wraps, subs, hamburgers, burgers, muffins, breads, pastas, and baking and sushi products, as well as processed meat products.

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Analyst Recommendations for Premium Brands (TSE:PBH)

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