Raymond James Upgrades Premium Brands (TSE:PBH) to Moderate Buy

Premium Brands (TSE:PBH) was upgraded by stock analysts at Raymond James to a “moderate buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other analysts also recently weighed in on PBH. Royal Bank of Canada dropped their target price on shares of Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th. CIBC cut their price objective on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. BMO Capital Markets lowered their target price on Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. TD Securities cut their price target on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Stifel Nicolaus lowered their price objective on shares of Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Premium Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of C$103.11.

Premium Brands Price Performance

TSE:PBH opened at C$78.89 on Wednesday. Premium Brands has a 52 week low of C$75.67 and a 52 week high of C$97.10. The stock’s fifty day moving average is C$84.58 and its two-hundred day moving average is C$88.67. The company has a market capitalization of C$3.50 billion, a P/E ratio of 31.06, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28.

Premium Brands (TSE:PBH) last posted its earnings results on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, missing analysts’ consensus estimates of C$1.36 by C($0.25). Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. During the same quarter last year, the firm posted $1.27 earnings per share. Equities analysts expect that Premium Brands will post 6.039823 EPS for the current year.

Insider Activity

In other Premium Brands news, Director Johnny Ciampi bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was purchased at an average price of C$78.78 per share, for a total transaction of C$157,560.00. Company insiders own 2.01% of the company’s stock.

About Premium Brands

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 processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.