Premium Brands (TSE:PBH) Given a C$100.00 Price Target at Raymond James

Premium Brands (TSE:PBH) has been assigned a C$100.00 price target by analysts at Raymond James in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 26.44% from the company’s previous close.

A number of other research analysts have also recently weighed in on PBH. CIBC dropped their price target on Premium Brands from C$103.00 to C$90.00 in a research report on Thursday, November 7th. TD Securities lowered 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 report on Thursday, November 7th. BMO Capital Markets cut their price objective on Premium Brands from C$111.00 to C$94.00 in a research report on Thursday, November 7th. Royal Bank of Canada dropped their price target on Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. Finally, National Bankshares boosted their price target on Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$103.11.

Premium Brands Price Performance

Premium Brands stock opened at C$79.09 on Thursday. The business has a 50 day simple moving average of C$84.29 and a 200-day simple moving average of C$88.61. Premium Brands has a 12 month low of C$75.67 and a 12 month high of C$97.10. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16. The stock has a market capitalization of C$3.51 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

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

Insider Activity

In other news, Director Johnny Ciampi purchased 2,000 shares of the stock in a transaction on Friday, November 29th. The stock was purchased at an average price of C$78.78 per share, with a total value of C$157,560.00. Corporate 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.